ST PAUL, Minn. (AP) _ H. B. Fuller Co. (FUL) on Wednesday reported fiscal third-quarter net income of $49.7 million.
On a per-share basis, the St Paul, Minnesota-based company said it had profit of 97 cents. Earnings, adjusted for one-time gains and costs, were 86 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The adhesives company posted revenue of $725.4 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $753.8 million.
H. B. Fuller expects full-year earnings in the range of $2.95 to $3.05 per share.
H. B. Fuller shares have increased 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.54, a drop of 17% in the last 12 months.