19.05.2015 14:28:51

Raven Industries Q1 Profit Declines, Yet Tops View - Quick Facts

(RTTNews) - Raven Industries Inc. (RAVN) Tuesday said first-quarter net income attributable to the company slipped to $4.9 million, or $0.13 per share, from $11.0 million, or $0.30 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to earn $0.10 per share. Analysts' estimates typically exclude special items.

Operating income for the latest first quarter was $7.21 million, down 56.4% from $16.53 million in the previous year quarter.

Sales declined 31.4% to $70.27 million from $102.51 million in the prior-year first quarter. Excluding sales from contract manufacturing, first quarter net sales were $68.2 million, down 29.1 percent versus the first quarter of 2015.

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