EMERYVILLE, Calif. (AP) _ Grocery Outlet (GO) on Tuesday reported fourth-quarter earnings of $24.3 million.

On a per-share basis, the Emeryville, California-based company said it had net income of 24 cents.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The supermarket company selling discount, overstocked and closeout products posted revenue of $806.8 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $788 million.

For the year, the company reported profit of $106.7 million, or $1.08 per share. Revenue was reported as $3.13 billion.

Grocery Outlet shares have dropped nearly 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.14, a rise of 15% 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 GO at https://www.zacks.com/ap/GO

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