logo
Plus   Neg
Share
Email

Graco Q4 Profit Tops Estimates; Shares Surge - Quick Facts

Graco Inc. (GGG) reported fourth-quarter adjusted net earnings per share of $0.48, up 12 percent from prior year. On average, 9 analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter increased 1 percent (2 percent at consistent translation rates) year-on-year to $412.29 million. Analysts expected revenue of $392.62 million for the quarter.

For 2020, the company projects low single-digit revenue growth on an organic, constant currency basis.

Shares of Graco Inc. were up nearly 5% after hours.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Billionaire Warren Buffett's Berkshire Hathaway reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Operating profit declined 10 percent. Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients.
RELATED NEWS
Follow RTT