AdvanSix: Q4 Earnings Snapshot
PARSIPPANY, N.J. (AP) _ AdvanSix Inc. (ASIX) on Friday reported fourth-quarter profit of $23.6 million.
The Parsippany, New Jersey-based company said it had net income of 80 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The polymer resins producer posted revenue of $424.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $408.3 million.
For the year, the company reported profit of $139.8 million, or $4.81 per share. Revenue was reported as $1.68 billion.
AdvanSix shares have declined 13% since the beginning of the year. The stock has increased 50% in the last 12 months.