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AZZ Q4 Profit Rises - Quick Facts

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4/5/2012 4:26 PM ET

Electrical equipment maker AZZ Incorporated (AZZ: Quote) 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.

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by RTT Staff Writer

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Gap Inc. Thursday after the markets closed that its first quarter profit rose 43% from last year, helped by higher sales and improved margins. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company eaffirmed its fiscal year 2013 earnings outlook, which is below analysts' current consensus estimate. After moving sharply lower at the start of trading on Thursday, stocks showed a substantial recovery attempt over the course of the trading day. The rebound came as upbeat housing data helped offset worries about the Federal Reserve. The major averages climbed well off their worst levels of the day but still ended the session in the red. President Barack Obama delivered a highly-anticipated speech on his administration's evolving counterterrorism policies on Thursday, suggesting that the U.S. needs to move away from a "boundless global war on terror." More than a decade after the 9/11 attacks, Obama argued that the terrorist threat has shifted and evolved.
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