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Douglas Dynamics misses 4Q revenue forecasts

MILWAUKEE (AP) _ Douglas Dynamics Inc. (PLOW) on Monday reported fourth-quarter net income of $10 million.

On a per-share basis, the Milwaukee-based company said it had profit of 44 cents.

The snowplow maker posted revenue of $130.1 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $131.8 million.

For the year, the company reported profit of $38.5 million, or $1.70 per share. Revenue was reported as $416.3 million.

Douglas Dynamics shares have dropped almost 3 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.75, a rise of 56 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 PLOW at https://www.zacks.com/ap/PLOW


Keywords: Douglas Dynamics, Earnings Report