Empire Company Q4 Profit Climbs, But Misses Estimates - Update

(Adds dividend)

Empire Company Limited (EMP_A.TO) announced earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at C$178.5 million, or C$0.68 per share. This compares with C$171.9 million, or C$0.64 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn C$0.7 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.3% to C$7.840 billion from C$6.920 billion last year.

The company has declared a quarterly dividend of C$0.165 per share for both the non-voting Class A shares and the Class B shares. The dividend will be paid on July 29 to shareholders of record on July 15.

Empire Company Limited earnings at a glance (GAAP) :

-Earnings (Q4): C$178.5 Mln. vs. C$171.9 Mln. last year.
-EPS (Q4): C$0.68 vs. C$0.64 last year.
-Analyst Estimate: C$0.7
-Revenue (Q4): C$7.840 Bln vs. C$6.920 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT