Pall Corp. Q4 Profit From Cont. Ops. Rises - Quick Facts

(RTTNews) - Pall Corp. (PLL) reported that its fourth-quarter net earnings from continuing operations increased to $86.21 million or $0.76 per share, from $75.71 million o $0.64 per share, last year. Net income was $85.63 million or $0.75 per share, compared to $86.21 million, or $0.73 per share, prior year.

Pro forma earnings from continuing operations was $101.70 million or $0.90 per share, compared to $101.09 million or $0.86 per share, prior year. Pro forma earnings per share for the quarter included a negative impact of approximately $0.03 from foreign currency translation.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts' estimates typically exclude special items.

Sales were $716.8 million, compared to $722.4 million last year, a decrease of 1%. Sales in local currency were up slightly. Analysts expected revenue of $714.35 million for the quarter.

For fiscal 2014, the company expects revenue growth in the low-to-mid single digits, resulting in pro forma earnings per share in the range of $3.30 to $3.50. Analyts expect the company to report fiscal 2014 profit per share of $3.48.