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Houston Wire: 4Q Earnings Snapshot

HOUSTON (AP) _ Houston Wire & Cable Co. (HWCC) on Thursday reported fourth-quarter profit of $1.6 million.

On a per-share basis, the Houston-based company said it had net income of 10 cents.

The specialty wire and cable distributor posted revenue of $87.9 million in the period.

For the year, the company reported net income of $8.6 million, or 52 cents per share, swinging to a profit in the period. Revenue was reported as $356.9 million.

Houston Wire shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.85, a decrease of 13 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HWCC at https://www.zacks.com/ap/HWCC