Cambrex Corp. Q4 adjusted earnings Beat Estimates

(RTTNews) - Cambrex Corp. (CBM) released earnings for fourth quarter that decreased from last year.

The company's bottom line totaled $1.21 million, or $0.04 per share. This compares with $40.26 million, or $1.20 per share, in last year's fourth quarter.

Excluding items, Cambrex Corp. reported adjusted earnings of $48.68 million or $1.44 per share for the period.

Analysts had expected the company to earn $1.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 26.3% to $134.33 million from $182.28 million last year.

Cambrex Corp. earnings at a glance:

-Earnings (Q4): $48.68 Mln. vs. $42.26 Mln. last year. -EPS (Q4): $1.44 vs. $1.26 last year. -Analysts Estimate: $1.37 -Revenue (Q4): $134.33 Mln vs. $182.28 Mln last year.