The Houston-based Robbins & Myers, Inc’s (NYSE:RBN) profit in the fiscal third-quarter plunged 38% on tough comparisons to previous year’s three months period, which was lifted by $52 million in profit from discontinued operations.
The engineered equipment supplier reported on Tuesday that its fourth-quarter guidance fell short of anticipations and shares of the company tumbled in morning trading session.
Robbins & Myers made $44.2 million or $1.02 a share during the three months period ended May 31, low from $71 million or $1.54 a share in the similar period a year ago.
The company reported that revenue climbed 12% to settle at $266.3 million from $237.1 million, as energy services sales moved up 21% to $175 million, whereas process and flow control sales fell 1.6% to $91.3 million.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. The Gorman-Rupp Company (NYSEAMEX:GRC) increased +1.18% to settle at $28.34, Colfax Corporation (NYSE:CFX) moved down -2.35% to end at $27.43 while Graco Inc. (NYSE:GGG) jumped +0.02% to finish on Friday at $44.18.
Robbins & Myers, Inc. (NYSE:RBN) on June 26, 2012 decreased -4.70% to the closing price of $39.34. The overall volume in the last trading session was 2.00 million shares. Its fifty two week range was $31.54-$55.63. The total market capitalization remained $1.73 billion.
RBN is ahead its 52 week low with +25.08% and going forward from its 52 week high price with -29.07%. RBN last month stock price volatility remained 3.49%. In its share capital RBN has 43.91 million outstanding shares among them 38.27 million shares have been floated in market exchange. RBN stock institutional ownership remained 82.94% while insider ownership included 0.36%.
The stock price of RBN is moving down from its 20 days moving average with -11.96% and remote negatively from 50 days moving average with -15.35%. RBN current year earnings per share experienced an addition with +118.30% while its current quarter performance remained -14.09%. Company’s beta coefficient included 1.20. Beta factors measures the amount of market risk associated with market trade.
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