EARNINGS SNAPSHOT

Spartan Stores

GRAND RAPIDS (AP) - Spartan Stores Inc. (SPTN) on Wednesday reported a fourth-quarter loss of $14 million, after reporting a profit in the same period a year earlier.

The Grand Rapids, Michigan-based company said it had a loss of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 32 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The grocery store operator and grocery distributor posted revenue of $1.9 billion in the period.

For the year, the company reported net income of $33.6 million, or 93 cents per share, swinging to a profit in the period. Revenue was reported as $8.06 billion.

For the current quarter ending in April, Spartan Stores expects its per-share earnings to range from 18 cents to 22 cents.

The company expects full-year earnings in the range of $1.70 to $1.80 per share.

Spartan Stores shares have risen 28 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.99, a decrease of roughly 2 percent 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 SPTN at https://www.zacks.com/ap/SPTN


RPT Realty

FARMINGTON HILLS (AP) - RPT Realty (RPT) on Wednesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.

The Farmington Hills, Michigan-based real estate investment trust said it had funds from operations of $27.3 million, or 31 cents per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 30 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $5.8 million, or 7 cents per share.

The shopping center real estate investment trust posted revenue of $63.7 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $63.3 million.

For the year, the company reported funds from operations of $120.1 million, or $1.35 per share. Revenue was reported as $260.6 million.

RPT Realty expects full-year funds from operations in the range of $1.03 to $1.07 per share.

The company's shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.35, a rise of 11 percent 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 RPT at https://www.zacks.com/ap/RPT


Visteon

VAN BUREN TOWNSHIP, Mich. (AP) - Visteon Corp. (VC) on Thursday reported fourth-quarter earnings of $43 million.

On a per-share basis, the Van Buren Township, Michigan-based company said it had profit of $1.49. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The auto parts supplier posted revenue of $731 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $718.1 million.

For the year, the company reported profit of $164 million, or $5.52 per share. Revenue was reported as $2.98 billion.

Visteon expects full-year revenue in the range of $2.9 billion to $3 billion.

Visteon shares have climbed 37 percent since the beginning of the year. The stock has declined 33 percent 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 VC at https://www.zacks.com/ap/VC

Published: Fri, Feb 22, 2019