Axalta Coating Systems Ltd. Earnings Decline 0% In Q4

(RTTNews) - Axalta Coating Systems Ltd. (AXTA) revealed a profit for fourth quarter that fell from last year.

The company said its earnings totaled $58.0 million, or $0.24 per share. This was lower than $58.2 million, or $0.25 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $1.00 billion. This was down from $1.08 billion last year.

Axalta Coating Systems Ltd. earnings at a glance:

-Earnings (Q4): $58.0 Mln. vs. $58.2 Mln. last year. -Earnings Decline (Y-o-Y): -0.3% -EPS (Q4): $0.24 vs. $0.25 last year. -EPS Decline (Y-o-Y): -4.0% -Analysts Estimate: $0.26 -Revenue (Q4): $1.00 Bln vs. $1.08 Bln last year. -Revenue Change (Y-o-Y): -7.4%