COLUMBIA, Md. (AP) _ W.R. Grace & Co. (GRA) on Thursday reported fourth-quarter net income of $69.1 million, after reporting a loss in the same period a year earlier.
The Columbia, Maryland-based company said it had profit of $1.03 per share. Earnings, adjusted for one-time gains and costs, were $1.14 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The chemical and materials manufacturing company posted revenue of $520 million in the period.
For the year, the company reported profit of $167.6 million, or $2.49 per share. Revenue was reported as $1.93 billion.
W.R. Grace expects full-year earnings in the range of $4.53 to $4.63 per share.
W.R. Grace shares have climbed 13 percent since the beginning of the year.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GRA at https://www.zacks.com/ap/GRA