Turning Point Brands. Inc Q4 Profit Decreases, But Beats Estimates

(RTTNews) - Turning Point Brands. Inc (TPB) released earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $2.42 million, or $0.13 per share. This compares with $10.11 million, or $0.53 per share, last year.

Excluding items, Turning Point Brands. Inc reported adjusted earnings of $17.99 million or $0.98 per share for the period.

Analysts on average had expected the company to earn $0.91 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.8% to $93.67 million from $83.07 million last year.

Turning Point Brands. Inc earnings at a glance (GAAP) :

-Earnings: $2.42 Mln. vs. $10.11 Mln. last year. -EPS: $0.13 vs. $0.53 last year. -Revenue: $93.67 Mln vs. $83.07 Mln last year.