Turning Point Brands. Inc (TPB) released earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $2.42 million, or $0.13 per share. This compares with $10.11 million, or $0.53 per share, last year.
Excluding items, Turning Point Brands. Inc reported adjusted earnings of $17.99 million or $0.98 per share for the period.
Analysts on average had expected the company to earn $0.91 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.8% to $93.67 million from $83.07 million last year.
Turning Point Brands. Inc earnings at a glance (GAAP) :
-Earnings: $2.42 Mln. vs. $10.11 Mln. last year.-EPS: $0.13 vs. $0.53 last year.-Revenue: $93.67 Mln vs. $83.07 Mln last year.
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