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H. B. Fuller: Fiscal 4Q Earnings Snapshot

ST PAUL, Minn. (AP) _ H. B. Fuller Co. (FUL) on Wednesday reported fiscal fourth-quarter net income of $41.3 million, after reporting a loss in the same period a year earlier.

The St Paul, Minnesota-based company said it had profit of 79 cents per share. Earnings, adjusted for one-time gains and costs, were 90 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The adhesives company posted revenue of $768.4 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $808.7 million.

For the year, the company reported profit of $171.2 million, or $3.29 per share. Revenue was reported as $3.04 billion.

H. B. Fuller expects full-year earnings in the range of $3.15 to $3.45 per share.

H. B. Fuller shares have increased nearly 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $43.37, a drop of 19 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 FUL at https://www.zacks.com/ap/FUL