Raven Industries (RAVN) Misses Earnings Estimates In Q4
Zacks Investment Research | Mar 21, 2019 09:04PM ET
Raven Industries, Inc. (NASDAQ:RAVN) reported disappointing results for the fourth quarter of fiscal 2019 (ended Jan 31, 2019), with earnings missing the Zacks Consensus Estimate.
The company’s earnings per share in the quarter under review were 11 cents, down 54.1% year over year. The downside was primarily caused by lower hurricane recovery film sales, reduced profit in the Aerostar segment and expenses related to the Project Atlas.
Inside the Headlines
Net sales in the quarter declined 8.1% year over year to $88 million. Excluding $4.1 million sales from hurricane recovery films, the company’s revenues in the quarter amounted to $83.9 million, up 5% on a year-over-year basis.
Raven Industries, Inc. Price, Consensus and EPS Surprise
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