FONT-SIZE Plus   Neg

AZZ Q4 Profit Rises - Quick Facts

Electrical equipment maker AZZ Incorporated (AZZ) Thursday reported a higher profit for the fourth quarter as revenues rose 23 percent.

The Fort Worth, Texas-based company reported a fourth-quarter net profit of $11.64 million or $0.92 per share, compared to $9.23 million or $0.73 per share last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.82 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 23 percent to $123.63 million from $100.67 million in the prior-year quarter. Three analysts had a consensus revenue estimate of $122.63 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Reynolds American Inc. (RAI) on Friday confirmed that British American Tobacco plc (BATS.L, BTI) has offered to buy the remaining 57.8 percent stake that it does not own in the US tobacco company for $47 billion. Reynolds said its board of directors will evaluate the offer, and respond accordingly to BAT, which currently owns 42.2 percent stake in Reynolds. The proposal represents an enterprise va Fast food giant McDonald's Corp. on Friday reported a 3 percent decline in profit for the third quarter from last year, reflecting one-time charges and lower sales. However, both revenue and earnings per share beat analysts' expectations. Shares of the company are gaining more than 3 percent in pre-market activity. General Electric Company (GE) reported that its third-quarter Industrial operating plus Verticals earnings, a non-GAAP measure, decreased 2% year-over-year to $2.87 billion. Industrial operating plus Verticals earnings per share was $0.32 compared to $0.29 prior year. On average, 15 analysts polled by...
comments powered by Disqus
Follow RTT