Zep Inc. (ZEP -17.2%) craters after FQ3 earnings and revenue miss estimates. CEO John Morgan...

|About: Zep Inc. (ZEP)|By:, SA News Editor

Zep Inc. (ZEP -17.2%) craters after FQ3 earnings and revenue miss estimates. CEO John Morgan calls the EPS miss "very disappointing" and notes that while ZEP's "long-term diversification strategy is working," organic revenue declines will likely "continue over the next twelve months while [the company] accelerates [its] focus on business complexity reduction." (PR)