UPDATE: Drew Industries Posts Downbeat Q4 Profit
Drew Industries Inc (NYSE: DW) posted weaker-than-expected fourth-quarter profit.
Drew Industries' quarterly profit rose to $4.1 million, or $0.18 per share, from $3.1 million, or $0.14 per share, in the year-ago period. Its net sales surged 50% to $160 million.
Analysts were expecting earnings of $0.20 per share.
Drew Industries shares closed at $26.54 on Friday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.