SAN FRANCISCO (Thomson Financial) - Matthews International Corp. on Thursday
reported fiscal first-quarter net earnings of $17.4 million, or 56 cents a
share, up 25% from $14 million, or 44 cents a share, in the year-ago period.
Earnings for the fiscal 2008 first quarter included the favorable effect of
a one-time adjustment of 6 cents a share to income tax expense, the
Pittsburgh-based maker of memorial products, caskets and cremation equipment
said.
Revenue in the period ended Dec. 31 rose 3.9% to $182.3 million from $175.4
million.
The company also reaffirmed its fiscal 2008 earnings forecast of $2.48 to
$2.54 a share.
Shares of Matthews rose 1.4% to $48.77.
Gabriel Madway
gm/vj/vj
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