Hubbell: 4Q Earnings Snapshot
SHELTON, Conn. (AP) _ Hubbell Inc. (HUBB) on Tuesday reported fourth-quarter profit of $101.9 million.
The Shelton, Connecticut-based company said it had profit of $1.85 per share. Earnings, adjusted for one-time gains and costs, came to $1.91 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The electrical products manufacturer posted revenue of $1.1 billion in the period.
For the year, the company reported profit of $400.9 million, or $7.31 per share. Revenue was reported as $4.59 billion.
Hubbell expects full-year earnings in the range of $8.50 to $8.80 per share.
Hubbell shares have dropped 1.5% since the beginning of the year. The stock has risen 32% in the last 12 months.