logo
Share SHARE
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
HP launched a new slim Chromebook 11 G5 with a touchscreen. It will hit the market in October. Dow Chemical Co. announced a series of actions to achieve synergy capture from the restructuring of its ownership of the Dow Corning Corporation. The collective actions will result in a reduction of approximately 2,500 positions globally, or approximately four percent of Dow's workforce. South Korea's Fair Trade Commission or FTC is investigating Apple over some matters related to the tech giant in that country, Reuters reported, citing the head of the anti-competition body. FTC Chairman Jeong Jae-chan talked about the investigation during a parliamentary hearing on Tuesday, but has not disclosed further details.
comments powered by Disqus
Follow RTT