U.S. Markets closed

Hubbell: 4Q Earnings Snapshot

SHELTON, Conn. (AP) _ Hubbell Inc. (HUBB) on Tuesday reported fourth-quarter earnings of $88 million.

On a per-share basis, the Shelton, Connecticut-based company said it had profit of $1.60. Earnings, adjusted for one-time gains and costs, were $1.72 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The electrical products manufacturer posted revenue of $1.14 billion in the period, which met Street forecasts.

For the year, the company reported profit of $360.2 million, or $6.54 per share. Revenue was reported as $4.48 billion.

Hubbell expects full-year earnings in the range of $7.80 to $8.20 per share.

Hubbell shares have risen 12 percent since the beginning of the year. The stock has declined 17 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 HUBB at https://www.zacks.com/ap/HUBB