Global Partners LP (GLP) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $48.1 million, or $1.14 per share. This compares with $52.2 million, or $1.54 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.5% to $4.41 billion from $4.43 billion last year.
Global Partners LP earnings at a glance (GAAP) :
-Earnings (Q4): $48.1 Mln. vs. $52.2 Mln. last year.
-EPS (Q4): $1.14 vs. $1.54 last year.
-Analyst Estimates: $0.96
-Revenue (Q4): $4.41 Bln vs. $4.43 Bln last year.
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