GMS Inc. Q4 Profit Decreases, Misses Estimates

(RTTNews) - GMS Inc. (GMS) reported a profit for fourth quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $56.387 million, or $1.39 per share. This compares with $75.593 million, or $1.80 per share, in last year's fourth quarter.

Excluding items, GMS Inc. reported adjusted earnings of $78.081 million or $1.93 per share for the period.

Analysts on average had expected the company to earn $2.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $1.413 billion from $1.304 billion last year.

GMS Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $56.387 Mln. vs. $75.593 Mln. last year. -EPS (Q4): $1.39 vs. $1.80 last year. -Revenue (Q4): $1.413 Bln vs. $1.304 Bln last year.