WASHINGTON (dpa-AFX) - Griffon Corp. (GFF) released a profit for its fourth quarter that rose compared to the same period last year.
The company said its bottom line climbed to $11.51 million, or $0.27 per share. This was higher than $10.50 million, or $0.23 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 0.3% to $500.71 million. This was down from $502.16 million last year.
Griffon Corp. earnings at a glance:
-Earnings (Q4): $11.51 Mln. vs. $10.50 Mln. last year. -Earnings Growth (Y-o-Y): 9.6% -EPS (Q4): $0.27 vs. $0.23 last year. -EPS Growth (Y-o-Y): 17.4% -Analysts Estimate: $0.25 -Revenue (Q4): $500.71 Mln vs. $502.16 Mln last year. -Revenue Change (Y-o-Y): -0.3%
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