CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Wednesday reported fourth-quarter net income of $31.2 million.
On a per-share basis, the Cranberry Township, Pennsylvania-based company said it had profit of 79 cents. Earnings, adjusted for non-recurring costs, came to $1.29 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The maker of safety products posted revenue of $375.3 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $390.6 million.
For the year, the company reported profit of $136.4 million, or $3.48 per share. Revenue was reported as $1.4 billion.
MSA Safety shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $140.47, an increase of 39% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSA at https://www.zacks.com/ap/MSA
Automated Insights, source Associated Press News