DEERFIELD, Ill. (AP) — DEERFIELD, Ill. (AP) — Fortune Brands Innovations, Inc. (FBIN) on Thursday reported fourth-quarter earnings of $76.4 million.
On a per-share basis, the Deerfield, Illinois-based company said it had profit of 63 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 86 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.08 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.14 billion.
For the year, the company reported profit of $298.8 million, or $2.47 per share. Revenue was reported as $4.46 billion.
Fortune Brands Innovations expects full-year earnings in the range of $3.35 to $3.65 per share.
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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 FBIN at https://www.zacks.com/ap/FBIN
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