HB Fuller, Jabil Circuit, Omnova, Scholastic, Worthington Decline

Mukesh Buch
25 Sep, 2014
New York City

HB Fuller net tumbled 86% but revenue rose 2%. Jabil Circuit net swung to a loss on 9% decline of revenue. Omnova Solutions net plunged 80%. Scholastic net loss widened while revenue jumped 3%. Worthington net plummeted 19% but sales climbed 25%.

[R]12:10 PM New York – HB Fuller net tumbled 86% but revenue rose 2%. Jabil Circuit net swung to a loss on 9% decline of revenue. Omnova Solutions net plunged 80%. Scholastic net loss widened while revenue jumped 3%. Worthington net plummeted 19% but sales climbed 25%.[/R]

Tollbooth Index declined 1.6% or 153 to 9,234.63.

Earnings Review

HB Fuller Co ((FUL)) plummeted 14.8% or $6.49 to $37.49 after the adhesives manufacturer reported net revenue in the third-quarter ending in August jumped 2.4% to $526.8 million from a year ago period.

Net income in the quarter tumbled 85.9% to $3.99 million or 8 cents a diluted share compared to $28.3 million or 55 cents from a same quarter last year.

Jabil Circuit, Inc ((JBL)) slipped 1.4% or 27 cents to $20.59 after the electronic chips maker stated net revenue in the fourth-quarter ending in August dropped 8.9% to $4.1 billion from a year ago period.

Net in the quarter swung to a loss of $26.2 million or 13 cents a diluted share compared to profit of $127 million or 61 cents from a same quarter last year.

Omnova Solutions Inc ((OMN)) tumbled 18% or $1.26 to $5.75 after the emulsion polymers provider said net sales in the third-quarter ending in August dropped 3.5% to $252.1 million from a year ago period.

Net income in the quarter plunged 80% to $1.8 million or 4 cents a diluted share compared to $9 million or 19 cents from a same quarter last year.

Scholastic Corp ((SCHL)) declined 8% or $2.72 to $31.30 after the education publishing and media group reported revenue in the first-quarter ending in August jumped 3% to $283.8 million from a year ago period.

Net loss in the quarter widened to $34.1 million or $1.05 a diluted share compared to $29.9 million or 94 cents from a same quarter last year.

Worthington Industries, Inc ((WOR)) plunged 4.8% or $1.82 to $36.18 after the diversified metals processing company net sales in the first-quarter ending in August climbed 24.6% to $862.4 million from a year ago period.

Net income in the quarter plummeted 19% to $44.2 million or 63 cents a diluted share compared to $54.6 million or 76 cents from a same quarter last year.