Ecolab Inc. (ECL) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $264.4 million, or $0.93 per share. This compares with $301.0 million, or $1.04 per share, in last year's fourth quarter.
Excluding items, Ecolab Inc. reported adjusted earnings of $363.6 million or $1.27 per share for the period.
Analysts on average had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.2% to $3.67 billion from $3.36 billion last year.
Ecolab Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $264.4 Mln. vs. $301.0 Mln. last year.
-EPS (Q4): $0.93 vs. $1.04 last year.
-Analyst Estimates: $1.25
-Revenue (Q4): $3.67 Bln vs. $3.36 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.82 to $0.90
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