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Versum Materials, Inc. Reveals 8% Increase In Q4 Bottom Line

Versum Materials, Inc. (VSM) reported a profit for its fourth quarter that advanced from last year.

The company said its bottom line totaled $51.5 million, or $0.47 per share. This was up from $47.7 million, or $0.44 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.6% to $294.5 million. This was up from $248.4 million last year.

Versum Materials, Inc. earnings at a glance:

-Earnings (Q4): $51.5 Mln. vs. $47.7 Mln. last year.
-Earnings Growth (Y-o-Y): 8.0%
-EPS (Q4): $0.47 vs. $0.44 last year.
-EPS Growth (Y-o-Y): 6.8%
-Analysts Estimate: $0.47
-Revenue (Q4): $294.5 Mln vs. $248.4 Mln last year.
-Revenue Change (Y-o-Y): 18.6%

by RTT Staff Writer

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