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NEW ALBANY, Ohio (AP) — NEW ALBANY, Ohio (AP) — Commercial Vehicle Group Inc. (CVGI) on Monday reported fourth-quarter net income of $23.3 million.
The New Albany, Ohio-based company said it had net income of 70 cents per share. Earnings, adjusted for pretax gains, came to 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The supplier of products for heavy-duty trucks posted revenue of $223.1 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $225.2 million.
For the year, the company reported profit of $49.4 million, or $1.47 per share. Revenue was reported as $994.7 million.
Commercial Vehicle Group expects full-year revenue in the range of $915 million to $1.01 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVGI at https://www.zacks.com/ap/CVGI