Copart Inc. Q4 adjusted earnings Miss Estimates

(RTTNews) - Copart Inc. (CPRT) announced a profit for its fourth quarter that increased from last year.

The company's profit came in at $109.75 million, or $0.40 per share. This compares with $70.34 million, or $0.30 per share, in last year's fourth quarter.

Excluding items, Copart Inc. reported adjusted earnings of $102.61 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.7% to $449.22 million from $378.60 million last year.

Copart Inc. earnings at a glance:

-Earnings (Q4): $102.61 Mln. vs. $82.43 Mln. last year. -EPS (Q4): $0.42 vs. $0.35 last year. -Analysts Estimate: $0.48 -Revenue (Q4): $449.22 Mln vs. $378.60 Mln last year.