ICG Group, Inc. (ICGE) reported fourth-quarter profit of $14.44 million, down from $19.16 million in the same period last year.
Net income from continuing operations totaled $15.27 million or $0.43 per share, compared to $18.29 million or $0.50 per share last year.
Net income attributable to ICG common shareholders declined to $14.66 million or $0.41 per share from $17.87 million or $0.49 per share last year.
Adjusted loss for the quarter was $2.85 million or $0.09 per share. On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $43.6 million, up from $34.4 million last year. Adjusted revenues for the period was $53.59 million. Analysts expected revenues of $52.64 million.
Looking ahead to the fiscal year 2013, the company has forecast earnings in a range of $0.01 to $0.05 per share and revenues in the order of $210 million to $220 million. Analysts currently expect the company to report full-year loss of $0.61 per share, on revenues of $236.92 million.
For comments and feedback: editorial@rttnews.com