WASHINGTON (dpa-AFX) - Kennametal Inc. (KMT) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $37.18 million, or $0.47 per share. This compares with $36.43 million, or $0.45 per share, in last year's fourth quarter.
Excluding items, Kennametal Inc. reported adjusted earnings of $38.78 million or $0.49 per share for the period.
Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.3% to $543.31 million from $550.23 million last year.
Kennametal Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $37.18 Mln. vs. $36.43 Mln. last year. -EPS (Q4): $0.47 vs. $0.45 last year. -Revenue (Q4): $543.31 Mln vs. $550.23 Mln last year.
-Guidance: Next quarter EPS guidance: $0.20 - $0.30 Next quarter revenue guidance: $480 - $500 Mln
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