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Aceto: Fiscal 4Q Earnings Snapshot

PORT WASHINGTON, N.Y. (AP) _ Aceto Corp. (ACET) on Friday reported a fiscal fourth-quarter loss of $34.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Port Washington, New York-based company said it had a loss of 98 cents. Losses, adjusted for amortization costs and pretax expenses, came to 48 cents per share.

The chemical company posted revenue of $168.9 million in the period.

For the year, the company reported a loss of $316.1 million, or $8.98 per share, swinging to a loss in the period. Revenue was reported as $711.4 million.

The company's shares closed at $2.39. A year ago, they were trading at $11.11.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACET at https://www.zacks.com/ap/ACET