Hubbell: 4Q Earnings Snapshot
SHELTON, Conn. (AP) _ Hubbell Inc. (HUBB) on Tuesday reported fourth-quarter earnings of $88 million.
On a per-share basis, the Shelton, Connecticut-based company said it had profit of $1.60. Earnings, adjusted for one-time gains and costs, were $1.72 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The electrical products manufacturer posted revenue of $1.14 billion in the period, which met Street forecasts.
For the year, the company reported profit of $360.2 million, or $6.54 per share. Revenue was reported as $4.48 billion.
Hubbell expects full-year earnings in the range of $7.80 to $8.20 per share.
Hubbell shares have risen 12 percent since the beginning of the year. The stock has declined 17 percent in the last 12 months.