*NEWS*UNITED STATIONERS Q1 NET DROPS 22%

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*NEWS*UNITED STATIONERS Q1 NET DROPS 22%

 user 2008-05-05 at 5:03:44 pm Views: 80
  • #19612

    United Stationers 1Q Net Drops 22%
    http://money.cnn.com/news/newsfeeds/articles/djf500/200805011859DOWJONESDJONLINE000953_FORTUNE5.htm
    May  2008: United Stationers Inc.’s  first-quarter net income fell 22%, which the company attributed to the weakening economy.The Deerfield, Ill., business product distributor’s net income dropped to $ 21.3 million, or 88 cents a share, from $27.2 million, or 90 cents a share.Analysts polled by Thomson Reuters, on average, predicted first-quarter earnings of 87 cents a share.Revenue climbed 5% to $1.25 billion from $1.19 billion a year ago, the company said.