Spire Inc. Q4 Loss Decreases, but misses estimates

(RTTNews) - Spire Inc. (SR) released Loss for fourth quarter that decreased from last year and beat the Street estimates.

The company's bottom line totaled -$7.1 million, or -$0.20 per share. This compares with -$9.9 million, or -$0.26 per share, in last year's fourth quarter.

Excluding items, Spire Inc. reported adjusted earnings of -$31.4 million or -$0.66 per share for the period.

Analysts on average had expected the company to earn -$0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.3% to $314.2 million from $290.2 million last year.

Spire Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$7.1 Mln. vs. -$9.9 Mln. last year. -EPS (Q4): -$0.20 vs. -$0.26 last year. -Analyst Estimates: -$0.64 -Revenue (Q4): $314.2 Mln vs. $290.2 Mln last year.