Spectrum Brands, Inc. (SPB) announced a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $12.8 million, or $0.45 per share. This compares with $53.5 million, or $1.50 per share, in last year's fourth quarter.
Excluding items, Spectrum Brands, Inc. reported adjusted earnings of $0.97 per share for the period.
Analysts on average had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.5% to $773.7 million from $740.7 million last year.
Spectrum Brands, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $12.8 Mln. vs. $53.5 Mln. last year.
-EPS (Q4): $0.45 vs. $1.50 last year.
-Revenue (Q4): $773.7 Mln vs. $740.7 Mln last year.
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