PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — AdvanSix Inc. (ASIX) on Friday reported fourth-quarter earnings of $33.6 million.
The Parsippany, New Jersey-based company said it had profit of $1.18 per share. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The polymer resins producer posted revenue of $404.1 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $472.6 million.
For the year, the company reported profit of $171.9 million, or $5.92 per share. Revenue was reported as $1.95 billion.
AdvanSix shares have climbed 10% since the beginning of the year. The stock has risen 1% in the last 12 months.
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