UPDATE 1-Valspar Corp Q4 beats Street estimates
* Q4 adj EPS $0.84 vs est $0.70
* Rev rose 19 pct
* Sees 2012 adj EPS $2.87-3.07 vs est $2.81
* Shares up 8 pct
Nov 22 (Reuters) - Paint and coatings maker Valspar Corp posted fourth-quarter results that beat analysts' estimates on strong growth in its paint business and forecast robust adjusted earnings for fiscal 2012.
The Minneapolis-based company expects to post adjusted earnings of $2.87 to $3.07 per share in 2012, compared with the $2.81 forecast by analysts, according to Thomson Reuters I/B/E/S.
For the fourth quarter, net loss was $295.7 million, or $3.18 a share, compared with a profit of $51.3 million, or 51 cents a share, a year ago.
Excluding an impairment charge of 409.7 million, it earned 84 cents a share.
Revenue rose 19 percent to $1.05 billion.
Analysts on average had expected the company to earn 70 cents per share on revenue of $1.04 billion.
Shares of the company were up 8 percent on Tuesday morning on the New York Stock Exchange.
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