Synalloy Corp Q4 Income Drops 91%

(RTTNews) - Synalloy Corp (SYNL) revealed earnings for fourth quarter that lost ground from last year.

The company said its bottom line totaled $0.18 million, or $0.02 per share. This was down from $1.9 million, or $0.22 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 26.8% to $35.57 million. This was down from $48.57 million last year.

Synalloy Corp earnings at a glance:

-Earnings (Q4): $0.18 Mln. vs. $1.9 Mln. last year. -Earnings Decline (Y-o-Y): -90.5% -EPS (Q4): $0.02 vs. $0.22 last year. -EPS Decline (Y-o-Y): -90.9% -Analysts Estimate: $0.05 -Revenue (Q4): $35.57 Mln vs. $48.57 Mln last year. -Revenue Change (Y-o-Y): -26.8%