Apogee Enterprises, Inc. (APOG) reported that its fourth-quarter net earnings increased to $4.39 million or $0.15 per share, from $2.96 million or $0.11 per share in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose 6 percent to $179.73 million from $168.71 million in the prior year quarter. Three analysts had consensus revenue estimate of $179.36 million for the quarter.
Further, the company revealed its fiscal 2014 earnings from continuing operations outlook in a range of $0.90 to $1.00 per share.
The company expects revenues for the full year in the high single digits, through domestic growth and the availability of new products.
Analysts expect the company to report earnings of $0.97 per share on revenues of $748.14 million for fiscal 2014.
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