Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Multi-Color Q4 Profit Drops, Core EPS Tops View - Quick Facts

Label solutions provider Multi-Color Corp. (LABL: Quote) said fourth-quarter net income fell to $3.05 million from $9.15 million in the prior year. Earnings per share dropped to $0.18 from $0.56.

The company attributed the decline to non-core items including goodwill impairment loss of $13.5 million in relation to the Latin America Wine & Spirit reporting unit.

Core earnings per share increased 21 percent to $0.68 per share from $0.56 in the prior year quarter.

On average, three analysts polled by Thomson Reuters expected earnings of $0.58 per share for the quarter. Analysts estimates typically exclude special items.

Net revenues increased to $193.52 million from $167.99 million in the prior year. Wall Street expected revenues of $187.53 million.

Click here to receive FREE breaking news email alerts for Multi Color Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Proctor and Gamble (PG) has sold two of its soap brands to European consumer products giant Unilever (UN). Cincinnati-based P&G says the sale includes the global Camay brand, the Zest brand outside of North America and its Talisman manufacturing plant in Mexico. The plant employs approximately... Dish Network is no longer carrying Fox News in yet another dispute for the television provider. Fox News, which changed the face of cable news with its ardent advocacy of conservative issues, went dark Sunday, replaced on Dish by The Blaze, Glen Beck's new right-leaning channel. Fox Business channel... Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.