Aceto Corp. Announces 27% Decline In Q4 Earnings

(RTTNews) - Aceto Corp. (ACET) reported a profit for fourth quarter that declined from last year.

The company said its profit came in at $10.29 million, or $0.35 per share. This was lower than $14.03 million, or $0.48 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 7.6% to $135.42 million. This was down from $146.59 million last year.

Aceto Corp. earnings at a glance:

-Earnings (Q4): $10.29 Mln. vs. $14.03 Mln. last year. -Earnings Decline (Y-o-Y): -26.7% -EPS (Q4): $0.35 vs. $0.48 last year. -EPS Decline (Y-o-Y): -27.1% -Revenue (Q4): $135.42 Mln vs. $146.59 Mln last year. -Revenue Change (Y-o-Y): -7.6%