Ferro posts 4Q profit of $11.4 million, result tops expectations

StocksAssociated Press

Shares of Ferro Corp. rose Thursday after the company reported fourth-quarter profit that beat analyst expectations.

The Mayfield Heights, Ohio-based company said after the market closed Wednesday that it had profit of $11.4 million, or 13 cents per share, for the period. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

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The specialty chemicals maker posted revenue of $260.9 million in the period.

For the year, the company reported profit of $86.1 million, or 99 cents per share. Revenue was reported as $1.11 billion.

Ferro stock gained 51 cents, or 4 percent, to $13.19 in midday trading Thursday.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOE at http://www.zacks.com/ap/FOE

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Keywords: Ferro, Earnings Report