Newz(LNN) on Thursday reported fiscal fourth-quarter profit of $11.3 million. The Omaha, Nebraska-based company said it had profit of $1.10 per share. The results exceeded Wall Street expectations.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share. The irrigation equipment maker posted revenue of $161.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $149.6 million.
For the year, the company reported profit of $55.7 million, or $5.33 per share. Revenue was reported as $635.9 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on LNN at https://www.zacks.com/ap/LNN Source (MSM) on Thursday reported fiscal fourth-quarter earnings of $47.9 million. On a per-share basis, the Melville, New York-based company said it had net income of 85 cents.
Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.45 per share. The results surpassed Wall Street expectations. The distributor of industrial tools and supplies posted revenue of $1.08 billion in the period.
For the year, the company reported profit of $222.6 million, or $3.98 per share. Revenue was reported as $4.01 billion. Access a Zacks stock report on MSM at https://www.zacks.com/ap/MSM Source
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