BALL GROUND, Ga. (AP) _ Chart Industries Inc. (GTLS) on Thursday reported fourth-quarter profit of $12.4 million.
The Ball Ground, Georgia-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, came to 72 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The equipment maker for the energy sector posted revenue of $342.4 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $381.8 million.
For the year, the company reported profit of $46.4 million, or $1.32 per share. Revenue was reported as $1.3 billion.
Chart Industries expects full-year earnings in the range of $4.90 to $5.50 per share, with revenue in the range of $1.65 billion to $1.71 billion.
Chart Industries shares have dropped almost 3% since the beginning of the year. The stock has declined 19% in the last 12 months.