Ferro Corp. Q4 Earnings Advance 40%

(RTTNews) - Ferro Corp. (FOE) released a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $22.67 million, or $0.27 per share. This was higher than $16.21 million, or $0.19 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.2% to $281.34 million. This was up from $264.99 million last year.

Ferro Corp. earnings at a glance:

-Earnings (Q4): $22.67 Mln. vs. $16.21 Mln. last year. -Earnings Growth (Y-o-Y): 39.9% -EPS (Q4): $0.27 vs. $0.19 last year. -EPS Growth (Y-o-Y): 42.1% -Analysts Estimate: $0.21 -Revenue (Q4): $281.34 Mln vs. $264.99 Mln last year. -Revenue Change (Y-o-Y): 6.2%