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Sun Hydraulics posts 4Q profit

SARASOTA, Fla. (AP) _ Sun Hydraulics Corp. (SNHY) on Monday reported fourth-quarter net income of $3.1 million.

The Sarasota, Florida-based company said it had net income of 12 cents per share.

The maker of screw-in hydraulic cartridge valves and manifolds posted revenue of $49.9 million in the period.

For the year, the company reported profit of $23.3 million, or 87 cents per share. Revenue was reported as $196.9 million.

Sun Hydraulics expects full-year revenue in the range of $295 million to $310 million.

Sun Hydraulics shares have dropped roughly 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.40, a climb of 32 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 SNHY at https://www.zacks.com/ap/SNHY


Keywords: Sun Hydraulics, Earnings Report