FX.co ★ Atmus Filtration Technologies Inc. Q4 Profit Decreases, but beats estimates

Atmus Filtration Technologies Inc. (ATMU) has revealed its earnings for the fourth quarter, which, although lower than the previous year, surpassed the predictions from Wall Street.

The company registered earnings of $34.8 million, which equates to $0.42 per share, in comparison to the $36 million, or $0.43 per share, earnings in the same quarter of the previous year.

When discounting specific items, Atmus Filtration Technologies Inc. reported adjusted earnings of $0.49 per share for the period.

According to data collected by Thomson Reuters, analysts had previously predicted that the company's earnings would average at $0.4 per share. These estimates generally do not incorporate extraordinary items.

On a positive note, the company's revenue for the quarter saw an increase of 3.8%, going from $385.2 million last year to $399.7 million.

A glance at the earnings of Atmus Filtration Technologies Inc. by Generally Accepted Accounting Principles (GAAP) shows the following:

- Earnings in Q4 are $34.8 million, down from $36 million in the same quarter last year.

- Earnings per share (EPS) in Q4 are $0.42, a cent less than the $0.43 per share last year.

- Analyst estimates averaged at $0.4 per share.

- The Q4 revenue rose to $399.7 million, up from $385.2 million in the same period last year.