Materion: 4Q Earnings Snapshot
MAYFIELD HEIGHTS, Ohio (AP) _ Materion Corp. (MTRN) on Thursday reported a loss of $20.8 million in its fourth quarter.
On a per-share basis, the Mayfield Heights, Ohio-based company said it had a loss of $1.03. Earnings, adjusted for one-time gains and costs, were 65 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The supplier of engineered materials to technology companies posted revenue of $298.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $300.6 million.
For the year, the company reported profit of $20.8 million, or $1.01 per share. Revenue was reported as $1.21 billion.
Materion shares have risen 5 percent since the beginning of the year. The stock has risen roughly 3 percent in the last 12 months.