Harco Q4 Net Loss Narrows

(RTTNews) - Harco Corp. (HSC) Friday announced a narrower net loss attributable to the company to $6.995 million compared to $44.19 million in the prior year. Loss per share narrowed to $0.09 from 40.55 last year. Adjusted earning from continuing operations was $0.11 per share.

On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.04 per share. Analysts estimates usually exclude special items.

Revenue for the quarter declined to $387.43 million from $492.08 million in the previous year. Wall Street expected the company to earn $420.60 million.

Looking ahead to the full year 2016, the company expects adjusted earnings per share for the full year in a range of $0.13 to $0.33. Street projects $0.63 per share.

For the full year, the company expects adjusts loss per share in a range of $0.02 to $0.07. Analysts expects $0.09 per share.