By Ben GlickmanFinning International's fourth-quarter profit fell as the company saw a steep impact from foreign currency impact in Argentina. The Canadian dealer for Caterpillar products on Tuesday posted a profit of 85 million Canadian dollars ($63 million), or 59 Canadian cents a share, in the quarter ended Dec. 31, compared with C$136 million, or C$0.89 a share, a year earlier. Stripping out certain one-time items, such as foreign currency effects, the company posted a profit of C$0.96 a share. Finning said its per-share earnings included a C$0.37 charge related to foreign exchange loss in Argentina. Write to Ben Glickman at ben.glickman@wsj.com(END) Dow Jones NewswiresFebruary 06, 2024 18:12 ET (23:12 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal February 06, 2024 23:37 UTC