| Companies |
 |
Apogee Enterprises 3rd-quarter earnings rise
|
Apogee Enterprises Inc., a maker of glass products for the building and auto industries, on Wednesday posted higher third-quarter earnings and affirmed its outlook for the current and next fiscal years.
For the quarter ended Dec. 1, earnings were $5.8 million, or 20 cents per diluted share, compared with $3.0 million, or 11 cents per share, earned in the same period of the prior year.
Revenues for the third quarter totaled $200.3 million, up from revenues of $197.3 million a year earlier.
Apogee said it maintained its forecast of earnings per share between 85 cents and 90 cents for the fiscal year ending March 2, 2002, although fourth-quarter revenues are expected to decrease slightly. Debt is anticipated to decline to about $75 million by the end of the year.
Apogee expects earnings per share of $1.00 for fiscal 2003, on revenue growth in the low single digits.
|
December 21st, 2001
Source: Yahoo |
Add a Comment
|
You have to be registered in order to add your comment.
If you already have an account, please sign-in to comment.
|
|
|
|
