Andersons: 4Q Earnings Snapshot

·1 min read

MAUMEE, Ohio (AP) _ The Andersons Inc. (ANDE) on Tuesday reported fourth-quarter profit of $16 million.

The Maumee, Ohio-based company said it had net income of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 59 cents per share.

The agriculture company posted revenue of $2.54 billion in the period.

For the year, the company reported profit of $7.7 million, or 23 cents per share. Revenue was reported as $8.21 billion.

Andersons shares have risen slightly more than 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.57, a rise of 24% in the last 12 months.

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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 ANDE at https://www.zacks.com/ap/ANDE