Griffon Corp. Bottom Line Advances 63% In Q4

(RTTNews) - Griffon Corp. (GFF) announced earnings for its fourth quarter that gained ground from last year.

The company said its bottom line rose to $10.50 million, or $0.23 per share. This was up from $6.43 million, or $0.13 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.5% to $502.16 million. This was down from $525.63 million last year.

Griffon Corp. earnings at a glance:

-Earnings (Q4): $10.50 Mln. vs. $6.43 Mln. last year. -Earnings Growth (Y-o-Y): 63.3% -EPS (Q4): $0.23 vs. $0.13 last year. -EPS Growth (Y-o-Y): 76.9% -Analysts Estimate: $0.22 -Revenue (Q4): $502.16 Mln vs. $525.63 Mln last year. -Revenue Change (Y-o-Y): -4.5%