NEW YORK (TheStreet) -- Shares of Clarcor Inc. (CLC) are up 6.62% to $62.69 after it reported second quarter adjusted earnings per share of 76 cents excluding items, 14 cents better than the Thompson Reuters consensus estimate of of 62 cents.
Revenue for the quarter was $386.6 million versus the consensus estimate of $364.3 million.
The maker of filtration products also projected 2014 EPS in the range of $2.85-$2.95 versus the average analyst estimate of $2.73.
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Separately, TheStreet Ratings team rates CLARCOR INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CLARCOR INC (CLC) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."