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Jarden Corp. (NYSE:JAH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Jarden Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $1.28 in the quarter versus EPS of $0.96 in the year-earlier quarter.
Revenue: Rose 4.66% to $1.82 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jarden Corp. reported adjusted EPS income of $1.28 per share. By that measure, the company beat the mean analyst estimate of $1.26. It beat the average revenue estimate of $1.81 billion.
Quoting Management: James E. Lillie, Chief Executive Officer commented, “Organic growth across all of our business segments for the fourth quarter has once again validated the strength of our diversified business model. Among the highlights of Jarden’s performance in 2012 was our adjusted gross margin expansion of 70 basis points. We believe that this expansion illustrates that our operating model is yielding the intended results and we will continue to invest in our businesses to help drive returns for our shareholders. We are excited about the outlook for 2013 and beyond, as the investments we have made over the last several years lay the foundation for long-term future success.”
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