Cambrex Corp. Profit Drops 38% In Q4

(RTTNews) - Cambrex Corp. (CBM) revealed earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit dropped to $17.48 million, or $0.53 per share. This was lower than $28.26 million, or $0.89 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.83 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 21.8% to $156.94 million. This was up from $128.84 million last year.

Cambrex Corp. earnings at a glance:

-Earnings (Q4): $17.48 Mln. vs. $28.26 Mln. last year. -Earnings Decline (Y-o-Y): -38.1% -EPS (Q4): $0.53 vs. $0.89 last year. -EPS Decline (Y-o-Y): -40.4% -Analysts Estimate: $0.83 -Revenue (Q4): $156.94 Mln vs. $128.84 Mln last year. -Revenue Change (Y-o-Y): 21.8%