Copart Inc. Reports 12% Advance In Q4 Profit

(RTTNews) - Copart Inc. (CPRT) revealed earnings for its fourth quarter that advanced from last year.

The company said its bottom line advanced to $57.41 million, or $0.44 per share. This was up from $51.04 million, or $0.39 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.8% to $282.29 million. This was down from $287.45 million last year.

Copart Inc. earnings at a glance:

-Earnings (Q4): $57.41 Mln. vs. $51.04 Mln. last year.
-Earnings Growth (Y-o-Y): 12.5%
-EPS (Q4): $0.44 vs. $0.39 last year.
-EPS Growth (Y-o-Y): 12.8%
-Analysts Estimate: $0.39
-Revenue (Q4): $282.29 Mln vs. $287.45 Mln last year.
-Revenue Change (Y-o-Y): -1.8%