Versum Materials: Fiscal 4Q Earnings Snapshot
TEMPE, Ariz. (AP) _ Versum Materials Inc. (VSM) on Tuesday reported fiscal fourth-quarter profit of $53.9 million.
The Tempe, Arizona-based company said it had profit of 49 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, came to 60 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The supplier of specialty materials to the semiconductor industry posted revenue of $350.8 million in the period.
For the year, the company reported profit of $197.5 million, or $1.80 per share. Revenue was reported as $1.37 billion.
Versum Materials expects full-year revenue in the range of $1.43 billion to $1.48 billion.
Versum Materials shares have decreased 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33, a decline of 22 percent in the last 12 months.