MATERION Corp (MTRN) revealed earnings for fourth quarter that decreased from the same period last year in line with the Street estimates.
The company's bottom line totaled $19.47 million, or $0.93 per share. This compares with $28.76 million, or $1.38 per share, in last year's fourth quarter.
Excluding items, MATERION Corp reported adjusted earnings of $29.6 million or $1.41 per share for the period.
Analysts on average had expected the company to earn $1.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.1% to $421.04 million from $434.58 million last year.
MATERION Corp earnings at a glance (GAAP) :
-Earnings (Q4): $19.47 Mln. vs. $28.76 Mln. last year.
-EPS (Q4): $0.93 vs. $1.38 last year.
-Analyst Estimates: $1.41
-Revenue (Q4): $421.04 Mln vs. $434.58 Mln last year.
For comments and feedback: editorial@rttnews.com