SAINT PAUL, Minn. (AP) — SAINT PAUL, Minn. (AP) — Ecolab Inc. (ECL) on Tuesday reported fourth-quarter net income of $264.4 million.
On a per-share basis, the Saint Paul, Minnesota-based company said it had profit of 93 cents. Earnings, adjusted for non-recurring costs, were $1.27 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The cleaning, food-safety and pest-control services company posted revenue of $3.67 billion in the period, which matched Street forecasts.
For the year, the company reported profit of $1.09 billion, or $3.81 per share. Revenue was reported as $14.19 billion.
For the current quarter ending in March, Ecolab expects its per-share earnings to range from 82 cents to 90 cents.
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