Spire Inc. (SR) announced a reduced loss for the fourth quarter compared to the same period last year, though it fell short of Wall Street's expectations.
The company posted a net loss of $25.9 million, or $0.51 per share, in the fourth quarter. This is an improvement from the previous year's fourth-quarter loss of $31.1 million, or $0.66 per share.
After adjusting for certain items, Spire Inc. reported an adjusted loss of $27.6 million, or $0.54 per share, during the period. This result was slightly below the average analyst forecast of a $0.53 per share loss, according to data from Thomson Reuters, which typically excludes special items.
Revenue for the quarter saw a decline of 5.3%, falling to $293.8 million from $310.4 million in the previous year.
Key metrics for Spire Inc. (GAAP) for Q4 are as follows:
- Earnings: Loss of $25.9 million compared to last year's loss of $31.1 million.
- Earnings Per Share (EPS): Loss of $0.51 compared to a loss of $0.66 last year.
- Revenue: $293.8 million compared to $310.4 million last year.
