A. Schulman, International Speedway Rise; Argan, Team Fall

Mukesh Buch
08 Apr, 2014
New York City

Argan net surged 39%. A. Schulman net plunged 42% but revenue soared 14%. International Speedway profit climbed 47% and revenue rose 3%. Team said net loss in the quarter widened but revenues jumped 8%. Zep net swung to loss.

[R]12:25 PM New York – Argan net surged 39%. A. Schulman net plunged 42% but revenue soared 14%. International Speedway profit climbed 47% and revenue rose 3%. Team said net loss in the quarter widened but revenues jumped 8%. Zep net swung to loss.[/R]

Argan, Inc ((AGX)) slipped 1.4% or 40 cents to $27.85 after the construction engineering company said revenue in the fourth-quarter ending in January increased 2.9% to $59.5 million.

Net income in the quarter surged 39.4% to $9.2 million or 63 cents a diluted share compared to $6.6 million or 46 cents.

A. Schulman Inc ((SHLM)) increased 1.5% or 56 cents to $36.88 after the plastic compounds maker stated revenue in the second-quarter ending in February soared 14.2% to $588.5 million.

Net income in the quarter plunged 41.9% to $6.9 million or 23 cents a diluted share compared to $11.8 million or 40 cents.

International Speedway Corporation ((ISCA)) gained 1.6% or 53 cents to $32.92 after the motor-sports entertainment provider reported revenue in the first-quarter ending in February rose 2.5% to $131.8 million.

Net income in the quarter climbed 47.4% to $19.9 million or 43 cents a diluted share compared to $13.5 million or 29 cents.

Team, Inc ((TISI)) fell 1% or 44 cents to $42.01 after the maintenance and inspection service provider said total revenue in the third-quarter ending in February jumped 8% to $163.2 million.

Net loss in the quarter widened to $1 million or 5 cents a diluted share compared to $0.5 million or 3 cents.

Zep, Inc ((ZEP)) rose 1.3% or 23 cents to $17.82 after the cleaning and maintenance chemicals provider reported net sales in the second-quarter ending in February dropped 3.4% to $157.8 million.

Net in the quarter swung to loss $0.7 million or 3 cents a diluted share compared to a profit of $2.8 million or 12 cents.