Systemax Inc. (SYX) reported that its fourth-quarter net income increased to $18.40 million or $0.49 per share from $9.97 million or $0.27 per share last year.
On average, 3 analysts polled by Thomson Reuters expected the company to report profit of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales were $938.25 million compared to $812.71 million a year ago. Analysts expected revenue of $837.14 million for the quarter.
The company noted that its fourth quarter of 2009 included 13 weeks compared to 14 weeks in the fourth quarter of 2008.
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