NEW YORK (AP) — NEW YORK (AP) — Minerals Technologies Inc. (MTX) on Thursday reported fourth-quarter earnings of $54 million.
The New York-based company said it had profit of $1.68 per share. Earnings, adjusted for non-recurring gains, were $1.50 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The maker of mineral, mineral-based and synthetic mineral products posted revenue of $518.1 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $522.4 million.
For the year, the company reported profit of $167.1 million, or $5.17 per share. Revenue was reported as $2.12 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTX at https://www.zacks.com/ap/MTX
/Quantum%20Computing/Image%20by%20Funtap%20via%20Shutterstock.jpg)
/A%20Palantir%20office%20building%20in%20Tokyo_%20Image%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock_.jpg)
/Nike%2C%20Inc_%20shopping%20by-%20hapabapa%20via%20iStock.jpg)
/Quantum%20Computing/A%20concept%20image%20with%20a%20brain%20on%20top%20of%20a%20blue%20circuit%20board_%20Image%20by%20Gorodenkoff%20via%20Shutterstock_.jpg)
