Patrick Industries Inc (PATK) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $30.82 million, or $1.41 per share. This compares with $40.18 million, or $1.68 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 17.9% to $781.19 million from $951.92 million last year.
Patrick Industries Inc earnings at a glance (GAAP) :
-Earnings (Q4): $30.82 Mln. vs. $40.18 Mln. last year.
-EPS (Q4): $1.41 vs. $1.68 last year.
-Analyst Estimates: $1.35
-Revenue (Q4): $781.19 Mln vs. $951.92 Mln last year.
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