ST PAUL, Minn. (AP) _ H. B. Fuller Co. (FUL) on Wednesday reported fiscal first-quarter earnings of $9.9 million.
The St Paul, Minnesota-based company said it had net income of 19 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 34 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The adhesives company posted revenue of $646.6 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $653 million.
H. B. Fuller shares have dropped 47% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.58, a drop of 42% in the last 12 months.