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Brady beats Street 4Q forecasts

MILWAUKEE (AP) _ Brady Corp. (BRC) on Thursday reported fiscal fourth-quarter profit of $25.2 million.

The Milwaukee-based company said it had profit of 48 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The identification and security products maker posted revenue of $289.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $280.5 million.

For the year, the company reported profit of $95.6 million, or $1.84 per share. Revenue was reported as $1.11 billion.

Brady expects full-year earnings to be $1.85 to $1.95 per share.

Brady shares have decreased 12 percent since the beginning of the year. The stock has declined roughly 2 percent in the last 12 months.

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

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Keywords: Brady, Earnings Report