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Ducommun beats Street 4Q forecasts

CARSON, Calif. (AP) _ Ducommun Inc. (DCO) on Monday reported fourth-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Carson, California-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring costs, were 45 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The maker of construction supplies posted revenue of $142.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $141.2 million.

For the year, the company reported net income of $25.3 million, or $2.24 per share, swinging to a profit in the period. Revenue was reported as $550.6 million.

Ducommun shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.43, more than doubling 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 DCO at https://www.zacks.com/ap/DCO


Keywords: Ducommun, Earnings Report