IRVING, Texas (AP) — IRVING, Texas (AP) — Darling Ingredients Inc. (DAR) on Wednesday reported fourth-quarter earnings of $56.9 million.
The Irving, Texas-based company said it had profit of 35 cents per share. Earnings, adjusted for restructuring costs, came to 64 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The producer of natural ingredients from edible and inedible bionutrients posted revenue of $1.71 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.53 billion.
For the year, the company reported profit of $62.8 million, or 39 cents per share. Revenue was reported as $6.14 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAR at https://www.zacks.com/ap/DAR
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