Blue Bird misses 4Q profit forecasts

FORT VALLEY, Ga. (AP) _ Blue Bird Corp. (BLBD) on Wednesday reported fiscal fourth-quarter profit of $14.5 million.

On a per-share basis, the Fort Valley, Georgia-based company said it had profit of 28 cents. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The school bus maker posted revenue of $312.7 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $311.3 million.

For the year, the company reported profit of $28.8 million, or 74 cents per share. Revenue was reported as $990.6 million.

Blue Bird expects full-year revenue in the range of $1 billion to $1.03 billion.

Blue Bird shares have risen 21 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.75, a climb of 14 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 BLBD at https://www.zacks.com/ap/BLBD