Aceto Corp. Reveals 25% Drop In Q1 Bottom Line

(RTTNews) - Aceto Corp. (ACET) reported earnings for first quarter that lost ground compared to the same period last year.

The company said its bottom line totaled $8.28 million, or $0.28 per share. This was down from $11.00 million, or $0.37 per share, in last year's first quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.1% to $128.02 million. This was down from $133.50 million last year.

Aceto Corp. earnings at a glance:

-Earnings (Q1): $8.28 Mln. vs. $11.00 Mln. last year. -Earnings Decline (Y-o-Y): -24.7% -EPS (Q1): $0.28 vs. $0.37 last year. -EPS Decline (Y-o-Y): -24.3% -Analysts Estimate: $0.29 -Revenue (Q1): $128.02 Mln vs. $133.50 Mln last year. -Revenue Change (Y-o-Y): -4.1%