Axalta Coating Systems Ltd. (AXTA) revealed a profit for fourth quarter that Drops, from the same period last year
The company's bottom line totaled $60 million, or $0.28 per share. This compares with $137 million, or $0.63 per share, last year.
Excluding items, Axalta Coating Systems Ltd. reported adjusted earnings of $128 million or $0.59 per share for the period.
The company's revenue for the period fell 3.7% to $1.262 billion from $1.311 billion last year.
Axalta Coating Systems Ltd. earnings at a glance (GAAP) :
-Earnings: $60 Mln. vs. $137 Mln. last year.-EPS: $0.28 vs. $0.63 last year.-Revenue: $1.262 Bln vs. $1.311 Bln last year.
-Guidance:Next quarter EPS guidance: $ 0.50
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