REX American Resources Corporation Q4 Profit Drops, But Beats Estimates

(RTTNews) - REX American Resources Corporation (REX) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $11.10 million, or $0.63 per share. This compares with $20.57 million, or $1.16 per share, last year.

Analysts on average had expected the company to earn $0.37 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 15.7% to $158.23 million from $187.61 million last year.

REX American Resources Corporation earnings at a glance (GAAP) :

-Earnings: $11.10 Mln. vs. $20.57 Mln. last year. -EPS: $0.63 vs. $1.16 last year. -Revenue: $158.23 Mln vs. $187.61 Mln last year.