Ferrellgas Partners Jumps On Solid Results (FGP, KMGB, ZQK, AGYS, COO)
Ferrellgas Partners, L.P. (NYSE:FGP) jumped up 4.53% to $16.86 after the Company announced third quarter results. Propane sales declined 11% to 226 million gallons. Operating expense was $95.8 million compared to $103.8 million in the prior year’s quarter. Net earnings were $21.1 million or $0.26 per unit compared to $3.4 million or $0.04 per unit in the prior year period.
KMG Chemicals Inc (NASDAQ:KMGB) is currently trading at $17.12 after the Company announced third quarter results. Net sales increased 7.6% to $66.6 million. The increase in revenue primarily reflecting the impact of recently implemented pricing actions in both the Electronic Chemicals and Wood Treating chemicals businesses. Operating income increased 65.9% to $6.9 million. Operating margins were 10.3% in the third quarter of 2012. Diluted earnings per share were $0.34 per share versus $0.23 per share in the prior year period. Net cash provided by operating activities was $8.5 million compared to net cash used of $459,000 in the previous year period.
Quiksilver Inc (NYSE:ZQK) soared 4.92% to $2.59 after the Company released second quarter results. Revenues increased 3% to $492.2 million. Net loss was $5.1 million or $0.03 per share compared to net loss of $83.3 million or $0.51 per share in the second quarter of fiscal 2011.
Agilysys Inc (NASDAQ:AGYS) decreased 3.45% to $7.27 after the Company released fourth quarter results. Total net revenue rose 11% to $52.0 million. Loss from continuing operations was $18.0 million or ($0.83) per share compared to loss of $7.5 million or ($0.33) per share in the fourth quarter of fiscal 2011. Net loss was $17.0 million or ($0.78) per share compared to loss of $45.0 million or ($1.98) per share in the prior year period.
The Cooper Companies Inc (NYSE:COO) declined 5.05% to $76.02. The Company reported second quarter net income of $1.12 per share compared to $0.73 per share in the prior year period. The consensus estimate for EPS was $1.20. The Company expects non-GAAP EPS is expected to be between $4.90 and $5.15 for full year 2012.