CLARCOR Inc. Reveals 24% Decline In Q4 Bottom Line

(RTTNews) - CLARCOR Inc. (CLC) reported earnings for fourth quarter that retreated from last year.

The company said its earnings declined to $33.1 million, or $0.67 per share. This was lower than $43.5 million, or $0.86 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.72 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.9% to $372.5 million. This was down from $413.4 million last year.

CLARCOR Inc. earnings at a glance:

-Earnings (Q4): $33.1 Mln. vs. $43.5 Mln. last year. -Earnings Decline (Y-o-Y): -23.9% -EPS (Q4): $0.67 vs. $0.86 last year. -EPS Decline (Y-o-Y): -22.1% -Analysts Estimate: $0.72 -Revenue (Q4): $372.5 Mln vs. $413.4 Mln last year. -Revenue Change (Y-o-Y): -9.9%

-Guidance: Full year EPS guidance: $2.60 - $2.80 Full year revenue guidance: $1.375 - $1.415 Bln