COVINGTON, La. (AP) — COVINGTON, La. (AP) — Pool Corp. (POOL) on Thursday reported fourth-quarter net income of $51.4 million.

On a per-share basis, the Covington, Louisiana-based company said it had profit of $1.32. Earnings, adjusted for pretax gains, came to $1.30 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The distributor of supplies for swimming pools posted revenue of $1 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.02 billion.

For the year, the company reported profit of $523.2 million, or $13.35 per share. Revenue was reported as $5.54 billion.

Pool Corp. expects full-year earnings in the range of $13 to $14 per share.

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