Transcat Inc. (TRNS) revealed 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 $4.46 million, or $0.48 per share. This compares with $6.89 million, or $0.77 per share, last year.
Excluding items, Transcat Inc. reported adjusted earnings of $5.94 million or $0.64 per share for the period.
Analysts on average had expected the company to earn $0.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 8.8% to $77.13 million from $70.91 million last year.
Transcat Inc. earnings at a glance (GAAP) :
-Earnings: $4.46 Mln. vs. $6.89 Mln. last year.
-EPS: $0.48 vs. $0.77 last year.
-Revenue: $77.13 Mln vs. $70.91 Mln last year.
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