NewMarket Corp. (NEU) reported fourth quarter net income of $46.3 million or $3.03 per share, compared to $19.4 million or $1.27 per share in the prior year period. Excluding certain items, earnings for the quarter were $43.5 million or $2.85 per share, compared to $19.4 million or $1.27 per share in last year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $2.71 per share. Analysts' estimates typically exclude special items.
Net income for the fourth quarter include a noncash benefit of $2.8 million while the year 2009 includes a noncash charge of $7.0 million, respectively, on an interest rate swap agreement.
Net sales for the quarter rose to $404.2 million from $368.6 million in the preceding year quarter. Three Wall Street analysts expected revenues of $391.72 million.
For comments and feedback: editorial@rttnews.com