SAN FRANCISCO (Thomson Financial) - United Stationers Inc. late Tuesday
reported third-quarter net earnings of $27.5 million, or $1 a share, ahead of
the mean estimate of analysts polled by Thomson Financial of 99 cents.
During the year earlier earnings were $39.2 million, or $1.26 a share, which
included one-time product content syndication and marketing program income of 43
cents a share.
The Deerfield, Ill.-based wholesale distributor of business products posted
revenue of $1.19 billion versus $1.17 billion last year.
Gross margin was 14.8% for the quarter, compared with 16.4% for the same
period last year, the company said.
Additionally, United Stationers said that fourth-quarter sales to-date, on
equivalent selling days, are trending flat compared with the prior-year period.
The stock closed out the regular session up 52 cents at $54.86.
Katherine Hunt
kh/gm
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