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percent in the second quarter, comparee to the same period ayear ago. Franklin-basedx Clarcor (NYSE: CLC) reported income of or $0.50 cents per diluted share, in the quartee ended May 30, compared to $40,783, or $0.8 0 cents per diluted in the year-ago period. Revenue came in at $229,39r for the quarter, down 14.1 percent from the previoud year’s quarter, when revenus came in at $267,137. Analysts, on average, estimated earningw of 38 cents per share on revenurof $243.1 million, according to Reuters Estimates.
“A s we had expected, this year’s second quarter was though operating results were much stronger than in our firsttfiscal quarter,” says Norm Johnson, Clarcor’a chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginninf to see indications of increased product demand in selectedd markets.” Clarcor makes mobile, industrial and environmental filtration products and consumefr and industrial packaging products sold to domesticf and international markets.
Johnson notezs that more than 80 percenrt of its filter sales are generated from the replacemenffilter aftermarket, so even if new building and equipmenft continues to falter, maintenance of existing equipmenr and facilities will continue. Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell today. The 52-wee range is $23.05 to
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