CLARCOR Q3 Profit Down - Quick Facts

(RTTNews) - CLARCOR Inc. (CLC) Wednesday reported third-quarter profit of $28.7 million or $0.57 per share, down from $30.3 million or $0.60 per share in the same period last year.

Adjusted earnings for the quarter was $33.7 million or $0.67 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Sales improved slightly to $289.1 from $286.7 million last year. Analysts expected sales of $298.74 million. Looking ahead, the company has lowered its earnings outlook to a range of $2.35 to $2.45 per share from its previous guidance range of $2.45 to $2.55 per share. Analysts currently expect full-year earnings of $2.52 per share.