Ennis, SYNNEX, Thor Jump; FactSet Eases on Slowdown Worries

Mukesh Buch
27 Sep, 2016
New York City

Ennis net declined 38% and revenues plunged 9%. FactSet Research profit soared 132% on 10% jump in revenues. Neogen net and revenues advanced. SYNNEX profit surged 22%. Thor Industries net jumped 7% on 22% increase in revenues.

[R]2:00 PM New York – Ennis net declined 38% and revenues plunged 9%. FactSet Research profit soared 132% on 10% jump in revenues. Neogen net and revenues advanced. SYNNEX profit surged 22%. Thor Industries net jumped 7% on 22% increase in revenues.[/R]

Tollbooth Index gained 39.38 or 0.4% to 11,017.76.

Earnings Review

Ennis, Inc ((EBF)) soared 5.8% or 94 cents to $17.23 after the commercial printing services provider said revenues in the second-quarter ending in August plunged 9.2% from a year ago to $91.2 million.

Net income in the quarter declined 38.2% to $6.8 million or 26 cents per diluted share compared to the $11 million or 43 cents per share from the same quarter last year.

FactSet Research Systems Inc ((FDS)) plunged 5.5% or $9.68 to $166.51 after the financial information services provider said revenue in the fourth-quarter ending in August jumped 9.7% from a year ago to $287.3 million.

Net income in the quarter soared 132% to $144.3 million or $3.55 per diluted share compared to the $62.2 million or $1.48 per share from the same quarter last year.

The stock declined after analysts worried that the company may be experiencing slower than expected growth in the coming quarters.

However, the financial services provider added 17 new clients and increased total number of clients to 3,100 and user base increased by 2,100 to 65,700.

Neogen Corporation ((NEOG)) declined 4.4% or $2.48 to $55.10 after the food and animal safety equipment maker said revenues in the first-quarter ending in August soared 12% from a year ago to $83.6 million.

Net income in the quarter jumped 6% to $9.9 million or 26 cents per diluted share compared to the $9.3 million or 25 cents per share from the same quarter last year.

SYNNEX Corporation ((SNX)) surged 8.8% or $9.31 to $115.49 after the computer peripherals services provider reported revenues in the third-quarter ending in August jumped 10.1% from a year ago to $3.7 billion.

Net income in the quarter soared 21.9% to $58.7 million or $1.47 per diluted share compared to the $48.2 million or $1.21 per share from the same quarter last year.

Thor Industries Inc ((THO)) jumped 3% or $2.48 to $85.28 after the recreational vehicles maker said net sales in the fourth-quarter ending in July surged 21.7% from a year ago to $1.3 billion.

Net income in the quarter advanced 6.5% to $82.8 million or $1.57 per diluted share compared to the $69 million or $1.31 per share from the same quarter last year.