Beijing time Monday Evening News, paint and paint manufacturer Valspar Corp (VAL) announced that the second quarter as of May 1, net earnings fell 24%, from the same period of 40.8 million U.S. dollars, 38 cents per share, to 31.1 million U.S. dollars, 28 cents per share. After deducting restructuring spending and other one-off projects, the company earned 36 cents a share in the quarter, in line with the average expectation of analysts polled by Thomson Reuters. Quarterly revenue fell 20%, from $836 million a year earlier to $668 million trillion, below analysts ' average forecast of 742 million dollars. Valspar reiterated that it is expected that the 2009 fiscal year after the adjustment of earnings per share of 1.55-1.65 U.S. dollars. Analysts expect the company to earn 1.52 dollars a year on average.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.
