NEW YORK (AP) — NEW YORK (AP) — Minerals Technologies Inc. (MTX) on Thursday reported fourth-quarter net income of $37.1 million.
On a per-share basis, the New York-based company said it had net income of $1.19. Earnings, adjusted for non-recurring costs, were $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 $1.28 per share.
The maker of mineral, mineral-based and synthetic mineral products posted revenue of $519.5 million in the period.
For the year, the company reported a loss of $18.4 million, or 59 cents per share. Revenue was reported as $2.07 billion.
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