CHARLOTTE, Mich. — Spartan Motors Inc. reported fourth-quarter profit of $2.4 million.
The Charlotte, Michigan-based company said it had profit of 7 cents per share. Earnings, adjusted for pretax expenses and costs related to mergers and acquisitions, came to 11 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
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