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Matthews International: Fiscal 4Q Earnings Snapshot

·1 min read

PITTSBURGH (AP) _ Matthews International Corp. (MATW) on Thursday reported fiscal fourth-quarter net income of $7.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Pittsburgh-based company said it had net income of 24 cents. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.11 per share.

The casket and memorial manufacturer posted revenue of $399.1 million in the period.

For the year, the company reported that its loss widened to $87.2 million, or $2.79 per share. Revenue was reported as $1.5 billion.

Matthews International shares have decreased 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.32, a decrease of 20% 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 MATW at https://www.zacks.com/ap/MATW