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Stock impact report

H.B. Fuller stock falls after earnings miss, company restructuring [MarketWatch]

H. B. Fuller Company (FUL) 
Last h. b. fuller company earnings: 3/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: hbfuller.gcs-web.com/investor-overview
Company Research Source: MarketWatch
H.B. Fuller stock falls after earnings miss, company restructuring H.B. Fuller Co. FUL, +1.43% shares fell more than 7% in the extended session Wednesday after the company missed earnings and revenue expectations. The company reported third-quarter net income of $49.7 million, or 97 cents a share, compared with $37.7 million, or 72 cents a share, in the year-ago period. Adjusted for items such as restructuring and integration, among other things, earnings were 86 cents a share and said it was restructuring the business. Revenue fell to $725.4 million from $770.1 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 90 cents a share on revenue of $750.6 million. For the fourth quarter, analysts model adjusted earnings of $1.06 a share on sales of $775.4 million. In addition to the earnings, the company announced that it was restructuring, reducing the number of business segments to three from five, which will take effect at the beginning of Show less Read more
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