Mullen Group Ltd. (MTL.TO) announced a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $17.7 million, or $0.20 per share. This compares with $22.2 million, or $0.25 per share, last year.
Excluding items, Mullen Group Ltd. reported adjusted earnings of $18.0 million or $0.21 per share for the period.
Analysts on average had expected the company to earn $0.22 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.5% to $497.1 million from $462.6 million last year.
Mullen Group Ltd. earnings at a glance (GAAP) :
-Earnings: $17.7 Mln. vs. $22.2 Mln. last year.
-EPS: $0.20 vs. $0.25 last year.
-Revenue: $497.1 Mln vs. $462.6 Mln last year.
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