GLEN MILLS, Pa. (AP) _ Axalta Coating Techniques Ltd. (AXTA) on Wednesday reported fourth-quarter internet revenue of $43.6 million.
The Glen Mills, Pennsylvania-based firm mentioned it had internet revenue of 20 cents per share. Earnings, adjusted for non-recurring prices and to extinguish debt, had been 38 cents per share.
The outcomes exceeded Wall Avenue expectations. The typical estimate of seven analysts surveyed by Zacks Funding Analysis was for earnings of 36 cents per share.
The high-performance coating system maker posted income of $1.24 billion within the interval, which additionally beat Avenue forecasts. 5 analysts surveyed by Zacks anticipated $1.22 billion.
For the 12 months, the corporate reported revenue of $191.6 million, or 86 cents per share. Income was reported as $4.88 billion.
For the present quarter ending in March, Axalta Coating Techniques expects its per-share earnings to vary from 26 cents to 33 cents.
Axalta Coating Techniques shares have climbed almost 8% for the reason that starting of the 12 months. Within the closing minutes of buying and selling on Wednesday, shares hit $27.43, a fall of almost 7% within the final 12 months.