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Macquarie posts 4Q profit

NEW YORK (AP) _ Macquarie Infrastructure Co. (MIC) on Tuesday reported fourth-quarter earnings of $72.8 million.

The New York-based company said it had profit of 89 cents per share.

The investment firm posted revenue of $437.2 million in the period.

For the year, the company reported net income of $156.4 million, or $1.85 per share, swinging to a profit in the period. Revenue was reported as $1.65 billion.

Macquarie shares have fallen slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $78.17, a rise of 30 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 MIC at https://www.zacks.com/ap/MIC


Keywords: Macquarie, Earnings Report