Skyline Champion Corp. (SKY) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $86.8 million, or $1.51 per share. This compares with $33.9 million, or $0.59 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 42.6% to $638.1 million from $447.6 million last year.
Skyline Champion Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $86.8 Mln. vs. $33.9 Mln. last year.-EPS (Q4): $1.51 vs. $0.59 last year.-Analyst Estimate: $1.00-Revenue (Q4): $638.1 Mln vs. $447.6 Mln last year.
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