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Macquarie: 4Q Earnings Snapshot

February 25, 2020 GMT

NEW YORK (AP) _ Macquarie Infrastructure Co. (MIC) on Tuesday reported fourth-quarter net income of $14 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 16 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 90 cents per share.

The investment firm posted revenue of $424 million in the period.

For the year, the company reported profit of $156 million, or $1.82 per share. Revenue was reported as $1.73 billion.

Macquarie shares have increased roughly 4% since the beginning of the year. The stock has climbed almost 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MIC at https://www.zacks.com/ap/MIC