Stock News : Notable Stock Earnings Surprises (FUL, GCOM)

H.B. Fuller Company (NYSE:FUL) fell 9% to $19.13 after the company reported a lower the the estimated profit and revenue in its third quarter and also trimmed its revenue volume for the year.

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The company during the quarter it earned $19.0 million, or 38 cents per share, compared to $35.4 million, or 72 cents a share, in the year-earlier period as margins were hurt by higher raw material costs

Revenue grew 7.4% to $338.6 million from $315.3 million in the same quarter last year.

Analysts were expecting the company to post earnings of 44 cents per share on revenue of $348.50 million.

For the current quarter the company expects net revenue between $360 million and $365 million. While, for fiscal year, the company now anticipates net revenue between $1.356 billion and $1.361 billion, up about 10% quarter on quarter.

Analysts estimates the company to report revenues of $362.04 million in the fourth quarter and revenues of $1.37 billion for the year.

H.B. Fuller Company (H.B. Fuller) is a formulator, manufacturer and marketer of adhesives, sealants, paints and other specialty chemical products. The Company operates under four segments: assembly, which includes appliances, filters and construction; packaging, which includes food and beverage containers, consumer goods, durable and non-durable goods.

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Globecomm Systems, Inc. (NASDAQ:GCOM) fell 1.91% to $7.70 after the company reported a lower the estimated fourth-quarter net income.

The company posted profit of $4.0 million, or 19 cents a share, from $1.0 million, or 5 cents per share, in the year-ago period On an adjusted basis, the company earned 12 cents per share in the latest quarter.

Revenue grew 42.7% to $70.3 million from $49.2 million last year.

Analysts were targeting the company to report earnings of 14 cents a share on revenue of $67.00 million.

Globecomm Systems Inc. (Globecomm) is a provider of satellite-based communications infrastructure solutions and services. The Company’s services are provided by its wholly-owned subsidiaries, Globecomm Network Services Corp. and Globecomm Services Maryland LLC. It has two segments: infrastructure solutions segment and services segment.

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