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
Google Maps introduced a new feature to share real-time location to a contact for 15 minutes to 3 days. The feature can be turned off at any time by the user. The tech leader believes that the feature will help friends meet up in a large park or a restaurant at a new location. One can open share... Instagram is expected to announce Wednesday that it has one million monthly active advertisers, representing a five-fold increase from a year ago. The photo and video app, owned by Facebook, had 500,000 monthly active advertisers in September 2016 and just 200,000 active advertisers a year ago. Offensive and extremist content appearing along with display ads has been creating headache for Google. There has been strong protests and boycott of ads by major advertisers and this has forced the company to expand their controls. The tech giant said the advertisers will have more say to display...
comments powered by Disqus
Follow RTT