Aceto Q4 Profit Meets Estimate; Declares Dividend

(RTTNews) - Aceto Corporation (ACET) reported fourth quarter net income of $5.40 million, or $0.19 per share, compared to $3.98 million or $0.15 per share in the comparable quarter last year.

Adjusted net income for the latest fourth quarter was $5.65 million, or $0.20 per share, up from $4.45 million, or $0.17 per share in the prior year quarter. On average, two analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the fourth quarter. Analysts' estimates typically exclude special items.

The company's net sales for the latest fourth quarter rose 11% to $123.12 million from $110.95 million in the year-ago period.

Further, the company announced that its Board of Directors declared a regular quarterly dividend of $0.06 per common share. This quarterly cash dividend will be distributed on September 27, 2013 to shareholders of record as of September 16, 2013.