Black Box Corp. Reveals 70% Drop In Q4 Earnings

(RTTNews) - Black Box Corp. (BBOX) reported a profit for fourth quarter that decreased compared to the same period last year.

The company said its bottom line totaled $2.1 million, or $0.14 per share. This was down from $7.1 million, or $0.46 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.6% to $224.1 million. This was down from $245.1 million last year.

Black Box Corp. earnings at a glance:

-Earnings (Q4): $2.1 Mln. vs. $7.1 Mln. last year. -Earnings Decline (Y-o-Y): -70.4% -EPS (Q4): $0.14 vs. $0.46 last year. -EPS Decline (Y-o-Y): -69.6% -Analysts Estimate: $0.26 -Revenue (Q4): $224.1 Mln vs. $245.1 Mln last year. -Revenue Change (Y-o-Y): -8.6%