WMS Industries Inc. said its fiscal fourth-quarter earnings jumped 31 percent, as it sold more machines and fetched higher prices.The company earned $28.4 million, or 49 cents per share, compared with $21.6 million, or 36 cents per share a year earlier.
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Revenue rose 5 percent to $195.8 million.Analysts polled by Thomson Reuters forecast a profit of 47 cents per share on revenue of $196.6 million.
The company said its machines produced about 8 percent more money per day in the quarter than they did a year ago. Its average selling price for the systems rose 13 percent from the same time last year.
For the full fiscal year, earnings jumped 37 percent to $92.2 million, or $1.59 per share, from $67.5 million, or $1.15 per share, in fiscal 2008.
Revenue increased by 9 percent to $706.4 million.The company said it is on track to continue its annual growth rate of 8 percent to 10 percent in fiscal 2010. It expects sales of between $760 million and $780 million -- above Wall Street's current prediction of $752.7 million.
The stock finished the regular session up 60 cents at $36.76. Shares ticked higher in aftermarket electronic trading, gaining 34 cents to hit $37.10.
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