Consolidated Graphics, Inc (CGX) Wednesday posted a narrower loss for the fourth quarter influenced by lower cost of sales and expenses.
For the quarter, the firm reported net loss of $295 thousand compared with prior-year net loss of $5.85 million. On a per share basis, loss for the quarter was $0.03 versus a loss of $0.57 last year.
On an adjusted basis, however, the firm reported earnings per share of $0.79 compared with $0.28 last year.
Three analysts, on average, polled by Thomson Reuters estimated earnings per share of $0.42 for the quarter. Analyst estimates typically exclude one-time items.
Revenue for the period edged up to $251.01 million from $250.55 million reported for the year-earlier period. Analysts were looking for revenue of $252.80 million for the quarter
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