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What: Shares of memorial maker Matthews International
So what: Fourth-quarter revenue came in at $239.8 million while earnings per share were $0.71. Although revenue was better than expected, net profit came in right on track with consensus estimates. Investors may be disappointed that next year's earnings are expected to grow in the mid-single-digit range.
Now what: Matthews CEO Joseph Bartolacci said the company had a challenging start to the fourth quarter because of a slower-then-expected July, although Matthews improved performance during the rest of the quarter. Bartolacci expects the company to "certainly continue to face challenges in fiscal 2012," because of the uneven pace of economic recovery. The company's memorialization businesses continue to operate in an environment of relatively flat death rates, competitive pricing pressures, and volatile commodity costs, making it tough to forecast future results with accuracy.
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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.