CHARLOTTE, N.C. (AP) _ NN Inc. (NNBR) on Wednesday reported a fourth-quarter loss of $220.2 million, after reporting a profit in the same period a year earlier.
The Charlotte, North Carolina-based company said it had a loss of $5.25 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 22 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The industrial parts maker posted revenue of $199.5 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $203.1 million.
For the year, the company reported a loss of $264.5 million, or $8.35 per share, swinging to a loss in the period. Revenue was reported as $770.7 million.
NN shares have climbed 35 percent since the beginning of the year. The stock has dropped 63 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 NNBR at https://www.zacks.com/ap/NNBR