Shares of ZEP crater, falling 16.3%, after the firm misfires with its FQ4 report and issues a...

|By:, SA News Editor

Shares of ZEP crater, falling 16.3%, after the firm misfires with its FQ4 report and issues a revenue warning. The cleaning product manufacturer recorded EPS of $0.24 for the quarter, well-below the estimate of analysts of $0.37. CEO John Morgan says the firm was "negatively impacted by raw material inflation and recent economic volatility that made it difficult to implement sufficient price increases."