H. B. Fuller: Fiscal 2Q Earnings Snapshot
ST PAUL, Minn. (AP) _ H. B. Fuller Co. (FUL) on Wednesday reported fiscal second-quarter earnings of $36.6 million.
On a per-share basis, the St Paul, Minnesota-based company said it had net income of 70 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 88 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The adhesives company posted revenue of $759.6 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $777.5 million.
H. B. Fuller expects full-year earnings in the range of $3.10 to $3.30 per share.
H. B. Fuller shares have climbed roughly 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.09, a decrease of 18% in the last 12 months.