LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Armstrong World Industries Inc. (AWI) on Tuesday reported fourth-quarter earnings of $65.5 million.
The Lancaster, Pennsylvania-based company said it had profit of $1.51 per share. Earnings, adjusted for non-recurring costs, were $1.61 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The ceiling and wall systems manufacturer posted revenue of $388.3 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $398.6 million.
For the year, the company reported profit of $308.7 million, or $7.08 per share. Revenue was reported as $1.62 billion.
Armstrong World Industries expects full-year earnings in the range of $8.05 to $8.35 per share, with revenue in the range of $1.75 billion to $1.79 billion.
Armstrong World Industries shares have increased nearly 1% since the beginning of the year. The stock has climbed 31% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AWI at https://www.zacks.com/ap/AWI
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