LEXINGTON, Ky. (AP) — LEXINGTON, Ky. (AP) — Valvoline Inc. (VVV) on Thursday reported fiscal fourth-quarter profit of $45.2 million.
On a per-share basis, the Lexington, Kentucky-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, came to 39 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The automotive and industrial lubricants maker posted revenue of $390 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $391.5 million.
For the year, the company reported profit of $1.42 billion, or $8.71 per share. Revenue was reported as $1.44 billion.
Valvoline expects full-year earnings in the range of $1.40 to $1.65 per share, with revenue in the range of $1.6 billion to $1.7 billion.
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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 VVV at https://www.zacks.com/ap/VVV