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READING, Pa. (AP) — READING, Pa. (AP) — EnerSys (ENS) on Wednesday reported fiscal fourth-quarter profit of $96.5 million.
The Reading, Pennsylvania-based company said it had profit of $2.41 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.97 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.78 per share.
The maker of industrial batteries posted revenue of $974.8 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $975.4 million.
For the year, the company reported profit of $363.7 million, or $8.99 per share. Revenue was reported as $3.62 billion.
For the current quarter ending in June, EnerSys expects its per-share earnings to range from $2.03 to $2.13.
The company said it expects revenue in the range of $830 million to $870 million for the fiscal first quarter.
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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 ENS at https://www.zacks.com/ap/ENS