Earnings Roundup

J.P. Morgan Chase & Co (NYSE: JPM) reported a 4% drop in its third-quarter profit on Thursday. J.P. Morgan's quarterly profit declined to $4.26 billion, or $1.02 per share, from $4.42 billion, or $1.01 per share, in the year-earlier period. Its reported revenue came in at $23.8 billion, while revenue on a managed basis came in at $24.4 billion, versus $24.3 billion. However, analysts were expecting earnings of $0.91 per share on revenue of $23.32 billion. J.P. Morgan booked a one-time gain of $0.29 per share during the quarter. The bank's private equity unit posted a loss of $0.09 per share. J.P. Morgan also took $0.15 per share in litigation expenses.

Fairchild Semiconductor International Inc (NYSE: FCS) released its results for the fiscal third-quarter on Thursday. Fairchild Semiconductor reported its quarterly earnings at $35.8 million, or $0.28 per share, versus $35.8 million, or $0.28 per share, in the year-ago period. Excluding amortization, restructuring and other items, the company's adjusted earnings came in at $0.34 per share. However, analysts expected a profit of $0.32 per share. Its revenue fell 2.7% to $403.2 million, versus analysts' estimates of $404.2 million. Fairchild Semiconductor projects downbeat current-quarter sales of $350 million to $370 million, versus analysts' estimates of $397 million.

Winnebago Industries Inc (NYSE: WGO) reported a decline in its fourth-quarter profit on Thursday. Winnebago's quarterly net income declined to $3.5 million, or $0.12 per share, from $4.9 million, or $0.17 per share, in the year-ago period. However, analysts were expecting earnings of $0.04 per share. Its revenue climbed 6% to $130.5 million.

KMG Chemicals Inc (NASDAQ: KMGB) reported a drop in its quarterly profit on Thursday. KMG Chemicals' fourth-quarter net income declined to $1.2 million, or $0.10 per share, from $3.4 million, or $0.30 per share, in the year-ago period. Its net sales surged 19% to $74.2 million. However, analysts were expecting earnings of $0.11 per share on revenue of $73.5 million.

Zep Inc (NYSE: ZEP) reported a 93% surge in its fiscal fourth quarter net income. Zep's quarterly net income climbed to $4.1 million, or $0.18 per share, from $2.1 million, or $0.09 per share, in the year-ago period. Excluding one-time items, Zep's net income dropped to $0.24 per share from $0.33 per share. Its revenue gained 8% to $173.8 million from $161.4 million. However, analysts were expecting earnings of $0.37 per share on revenue of $175.8 million.

Fastenal Co (NASDAQ: FAST) reported a 29% surge in its fiscal third-quarter earnings. Fastenal reported its quarterly profit at $97 million, or $0.33 per share, up from $75 million, or $0.25 per share, in the year-ago period. Its revenue surged 20% to $726.7 million. However, analysts were expecting earnings of $0.33 per share on revenue of $722 million.