Market Report -- In Play (NAFC)

November 12, 2009 3:13 AM ET

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Nash Fin beats by $0.13, beats on revs; announces $25.0 mln share repurchase program Reports Q3 (Sep) earnings of $1.17 per share, excluding non-recurring items, $0.13 better than the First Call consensus of $1.04; revenues rose 15.3% year/year to $1.63 bln vs the $1.54 bln consensus. The decrease in the third quarter 2009 food distribution segment sales versus the comparable 2008 period was primarily attributable to a decrease in comparable sales to existing customers, partially offset by new account gains. The increase in the year-to-date 2009 food distribution segment sales versus the comparable 2008 period was primarily attributable to new account gains. Co targets +2.0% organic revenue growth long-term and consolidated Ebitda margin of +4.0%. Co also announces share repurchase program of up to $25.0 mln.

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