India, Feb. 28 -- Calumet, Inc. (CLMT) Friday reported net loss of $40.7 million or $0.47 per share for the fourth quarter, lower than $48 million or $0.59 per share loss in the same quarter a year ago, primarily helped by lower expenses.
Sales for the quarter, however, declined to $949.5 million from $976.5 million in the previous year.
On average, 3 analysts expected the company to report a loss of $0.37 per share on revenue of $921.76 million for the quarter. Analysts' estimates typically exclude special items.
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Additionally, the company has agreed to sell assets related to the industrial portion of its Royal Purple business, for $110 million to a uni...