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Tower International Posts Loss In Q4, Sees 9% Increase In FY18 Earnings

Tower International Inc. (TOWR) Tuesday reported a fourth quarter net loss attributable to the company of $3.867 million compared to $16.88 million in the prior year. On a per share basis, loss was $0.19, compared to profit of $0.83 a year ago.

Revenue for the quarter increased to $538.16 million from $462.27 million a year ago.

Looking ahead to the full year 2018, the company expects earnings per share of $4.10, up 9 percent from the prior year. Revenue is expected to grow 7 percent to $2.14 billion.

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