WASHINGTON (dpa-AFX) - Mueller Industries (MLI) announced earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $119.24 million, or $1.05 per share. This compares with $138.91 million, or $1.23 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 16.5% to $732.38 million from $877.58 million last year.
Mueller Industries earnings at a glance (GAAP) :
-Earnings (Q4): $119.24 Mln. vs. $138.91 Mln. last year. -EPS (Q4): $1.05 vs. $1.23 last year. -Analyst Estimates: $0.65 -Revenue (Q4): $732.38 Mln vs. $877.58 Mln last year.
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