BALL GROUND, Ga. (AP) — BALL GROUND, Ga. (AP) — Chart Industries Inc. (GTLS) on Friday reported a fourth-quarter loss of $41.8 million, after reporting a profit in the same period a year earlier.
The Ball Ground, Georgia-based company said it had a loss of 97 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $1.67 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The equipment maker for the energy sector posted revenue of $441.4 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $498 million.
For the year, the company reported profit of $22.6 million, or 54 cents per share. Revenue was reported as $1.61 billion.
Chart Industries expects full-year revenue in the range of $2.1 billion to $2.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a GTLS">Zacks stock report on GTLS at https://www.zacks.com/ap/GTLS