BRISTOL, Conn. (AP) — BRISTOL, Conn. (AP) — Barnes Group Inc. (B) on Friday reported fourth-quarter net income of $7.2 million.

The Bristol, Connecticut-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring costs, were 41 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The aerospace and industrial parts supplier posted revenue of $415.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $419.8 million.

For the year, the company reported profit of $16 million, or 31 cents per share. Revenue was reported as $1.45 billion.

Barnes Group expects full-year earnings in the range of $1.55 to $1.80 per share.

Barnes Group shares have increased 12% since the beginning of the year. The stock has decreased 18% in the last 12 months.

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