PGT Innovations Inc. (PGTI) revealed earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $4.751 million, or $0.08 per share. This compares with $11.025 million, or $0.18 per share, in last year's fourth quarter.
Excluding items, PGT Innovations Inc. reported adjusted earnings of $14 million or $0.25 per share for the period.
Analysts on average had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.5% to $342.547 million from $340.934 million last year.
PGT Innovations Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $4.751 Mln. vs. $11.025 Mln. last year.-EPS (Q4): $0.08 vs. $0.18 last year.-Analyst Estimates: $0.36-Revenue (Q4): $342.547 Mln vs. $340.934 Mln last year.
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