NewMarket Corporation (NEU) Wednesday reported fourth-quarter net income of $33.7 million or $2.51 per share, compared to $49.4 million or $3.47 per share in the same period last year.
Income, excluding the effects of the legal settlement and interest rate swap, dropped to $34.5 or $2.57 per share, from $45.0 million or $3.16 per share last year. On average, five analysts polled by Thomson Reuters expected earnings of $3.42 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the quarter grew to $505.6 million from $460.6 million last year. Three Street analysts estimated revenues of $519.16 million for the quarter.
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