READING, Pa. (AP) — READING, Pa. (AP) — EnerSys (ENS) on Wednesday reported fiscal fourth-quarter earnings of $77.3 million.
On a per-share basis, the Reading, Pennsylvania-based company said it had net income of $2.05. Earnings, adjusted for one-time gains and costs, were $3.19 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3 per share.
The maker of industrial batteries posted revenue of $988 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $972.8 million.
For the year, the company reported profit of $293.6 million, or $7.70 per share. Revenue was reported as $3.75 billion.
For the current quarter ending in June, EnerSys expects its per-share earnings to range from $2.70 to $2.90.
The company said it expects revenue in the range of $915 million to $955 million for the fiscal first quarter.
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