TENNANT CO (TNC) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $31.0 million, or $1.64 per share. This compares with $23.8 million, or $1.27 per share, in last year's fourth quarter.
Excluding items, TENNANT CO reported adjusted earnings of $1.92 per share for the period.
Analysts on average had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.0% to $311.4 million from $291.0 million last year.
TENNANT CO earnings at a glance (GAAP) :
-Earnings (Q4): $31.0 Mln. vs. $23.8 Mln. last year.
-EPS (Q4): $1.64 vs. $1.27 last year.
-Analyst Estimate: $1.25
-Revenue (Q4): $311.4 Mln vs. $291.0 Mln last year.
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