Blyth Inc. (BTH) on Monday reported a loss of $12.2 million in its fourth quarter.
On a per-share basis, the Greenwich, Connecticut-based company said it had a loss of 75 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 88 cents per share.
The candle seller posted revenue of $176.8 million in the period.
For the year, the company reported net income of $86.8 million, or $5.37 per share, swinging to a profit in the period. Revenue was reported as $490 million.
Blyth shares have fallen 23 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.07, a decline of 22 percent in the last 12 months.
First Nine Months Fiscal Performance
Net Sales for the nine months ended September 30, 2014 declined 7% to $313.2 million versus $336.0 million for the