Zep reports increased Q2 earnings
Shares of Zep, Inc. (NYSE:ZEP) are declining very slightly in heavy volume after the cleaning products maker reported second-quarter net income of $1.9 million, or $0.09 per share, compared with $0.9 million, or $0.04 per share, a year earlier. On an adjusted basis, quarterly earnings fell to $0.11 per share from $0.17 per share during the same period of fiscal 2007.
In Monday afternoon trading, ZEP shares are down 2.92%, or $0.46, at $15.32. For detailed price information and recent news stories about Zep, click ZEP.
