Quanex Corp Reports 244% Advance In Q4 Earnings

(RTTNews) - Quanex Corp (NX) revealed a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line came in at $11.0 million, or $0.32 per share. This was higher than $3.2 million, or $0.08 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.3% to $195.46 million. This was up from $163.82 million last year.

Quanex Corp earnings at a glance:

-Earnings (Q4): $11.0 Mln. vs. $3.2 Mln. last year. -Earnings Growth (Y-o-Y): 243.8% -EPS (Q4): $0.32 vs. $0.08 last year. -EPS Growth (Y-o-Y): 300% -Analysts Estimate: $0.25 -Revenue (Q4): $195.46 Mln vs. $163.82 Mln last year. -Revenue Change (Y-o-Y): 19.3%