U.S. Markets closed

Rush Enterprises beats 4Q profit forecasts

NEW BRAUNFELS, Texas (AP) _ Rush Enterprises Inc. (RUSHA) on Wednesday reported fourth-quarter earnings of $105.9 million.

On a per-share basis, the New Braunfels, Texas-based company said it had net income of $2.54. Earnings, adjusted for pretax gains, came to 63 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The commercial vehicle dealership operator posted revenue of $1.21 billion in the period.

For the year, the company reported profit of $172.1 million, or $4.20 per share. Revenue was reported as $4.71 billion.

Rush Enterprises shares have declined nearly 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.44, a climb of 52 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 RUSHA at https://www.zacks.com/ap/RUSHA