Valvoline misses 4Q profit forecasts

LEXINGTON, Ky. (AP) _ Valvoline Inc. (VVV) on Wednesday reported fiscal fourth-quarter earnings of $105 million.

On a per-share basis, the Lexington, Kentucky-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring gains, were 33 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The automotive and industrial lubricants maker posted revenue of $547 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $531.4 million.

For the year, the company reported profit of $304 million, or $1.49 per share. Revenue was reported as $2.08 billion.

Valvoline expects full-year earnings in the range of $1.20 to $1.28 per share.

Valvoline shares have risen 10 percent since the beginning of the year. The stock has climbed 12 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VVV at https://www.zacks.com/ap/VVV