FONT-SIZE Plus   Neg

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

Label solutions provider Multi-Color Corp. (LABL) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Auvi-Q, the rival for EpiPen, will be coming back in 2017, pharmaceutical company Kaleo announced on Wednesday. Auvi-Q is a epinephrine injection used to treat life-threatening allergic reactions, including anaphylaxis, in people who are at risk for or have a history of serious allergic reactions. Auvi-Q... Uber's self-driving technology start-up Otto has partnered with Anheuser-Busch InBev to complete the world's first shipment by a self-driving truck. Otto said in a blog post that the company and Anheuser-Busch delivered 51,744 cans of Budweiser beer from Fort Collins, through downtown Denver, to Colorado Springs. Netflix Inc. has lined up plenty of new, original Netflix shows and movies for November. The return of the highly anticipated "Gilmore Girls: A Year in the Life" and Leonardo DiCaprio-produced documentary "The Ivory Game," which is focused on ivory trafficking, are among the main highlights that will arrive on Netflix in November.
comments powered by Disqus
Follow RTT