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Aerojet Rocketdyne posts 4Q profit

EL SEGUNDO, Calif. (AP) _ Aerojet Rocketdyne Holdings Inc. (AJRD) on Wednesday reported profit of $18.1 million in its fourth quarter.

On a per-share basis, the El Segundo, California-based company said it had profit of 25 cents.

The aerospace and defense company posted revenue of $532.2 million in the period.

For the year, the company reported net income of $18 million, or 27 cents per share, swinging to a profit in the period. Revenue was reported as $1.76 billion.

Aerojet Rocketdyne shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.87, a rise of 23 percent in the last 12 months.


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


Keywords: Aerojet Rocketdyne Holdings, Earnings Report