Consolidated Graphics Q2 Profit Rises - Quick Facts

(RTTNews) - Consolidated Graphics Inc. (CGX) Wednesday posted a higher second-quarter profit that included a $2.2 million in benefits for tax reserve credits due to the settlement of certain tax audits.

For the three-month period, the company reported net income of $10.6 million or $1.09 per share, compared with $6.7 million or $0.68 per share last year. Adjusted earnings per share for the September quarter was $1.25 per share.

On average, two analysts polled by Thomson Reuters expected the company to report earnings per share of $0.87 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues were $256.1 million, down from prior year's $263.6 million. Analysts expected the company to generate revenues of $260.83 million.