W.R. Grace: 4Q Earnings Snapshot
COLUMBIA, Md. (AP) _ W.R. Grace & Co. (GRA) on Tuesday reported a fourth-quarter loss of $28.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Columbia, Maryland-based company said it had a loss of 42 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.31 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The chemical and materials manufacturing company posted revenue of $504.5 million in the period.
For the year, the company reported profit of $126.3 million, or $1.89 per share. Revenue was reported as $1.96 billion.
W.R. Grace expects full-year earnings in the range of $4.73 to $4.91 per share.
W.R. Grace shares have fallen nearly 5% since the beginning of the year.