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Materion reports 4Q loss

MAYFIELD HEIGHTS, Ohio (AP) _ Materion Corp. (MTRN) on Thursday reported a fourth-quarter loss of $8.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Mayfield Heights, Ohio-based company said it had a loss of 41 cents. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The supplier of engineered materials to technology companies posted revenue of $308.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $288.2 million.

For the year, the company reported profit of $11.5 million, or 56 cents per share. Revenue was reported as $1.14 billion.

Materion expects full-year earnings to be $1.95 to $2.10 per share.

Materion shares have decreased 3 percent since the beginning of the year. The stock has risen 22 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 MTRN at https://www.zacks.com/ap/MTRN