MAYFIELD HEIGHTS, Ohio (AP) — MAYFIELD HEIGHTS, Ohio (AP) — Materion Corp. (MTRN) on Thursday reported fourth-quarter earnings of $19.5 million.
On a per-share basis, the Mayfield Heights, Ohio-based company said it had profit of 93 cents. Earnings, adjusted for one-time gains and costs, came to $1.41 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The supplier of engineered materials to technology companies posted revenue of $421 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $420.5 million.
For the year, the company reported profit of $95.7 million, or $4.58 per share. Revenue was reported as $1.67 billion.
Materion expects full-year earnings in the range of $6.10 to $6.50 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTRN at https://www.zacks.com/ap/MTRN