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American Vanguard meets 4Q profit forecasts

NEWPORT BEACH, Calif. (AP) _ American Vanguard Corp. (AVD) on Monday reported fourth-quarter profit of $3.9 million.

The Newport Beach, California-based company said it had profit of 13 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share.

The agricultural products company posted revenue of $87.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $88.3 million.

For the year, the company reported profit of $12.8 million, or 44 cents per share. Revenue was reported as $312.1 million.

American Vanguard shares have fallen 18 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $15.75, a decrease of slightly more than 3 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 AVD at https://www.zacks.com/ap/AVD


Keywords: American Vanguard, Earnings Report