Quanex Building Products Corp. recently disclosed its financial performance for the fourth quarter. The company reported a net loss of $13.92 million, contrasting with a profit of $27.38 million in the previous year's fourth quarter. This equates to a loss per share of $0.30, compared to earnings per share of $0.83 during the same period last year. However, when excluding certain items, the adjusted earnings amounted to $28.61 million, translating to $0.61 per share. Analysts had predicted earnings of $0.56 per share. Revenue for the quarter reached $492.16 million, a significant increase from $295.49 million in the corresponding quarter of the previous year.
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The material has been provided by InstaForex Company - www.instaforex.com