(RTTNews) – Modine Manufacturing Co. (MOD) released a profit for second quarter that decreased from last year but beat the Street estimates.
The company’s earnings totaled $46.1 million, or $0.86 per share. This compares with $46.5 million, or $0.87 per share, in last year’s second quarter.
Excluding items, Modine Manufacturing Co. reported adjusted earnings of $0.97 per share for the period.
Analysts on average had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 6.0% to $658.0 million from $620.5 million last year.
Modine Manufacturing Co. earnings at a glance (GAAP) :
-Earnings (Q2): $46.1 Mln. vs. $46.5 Mln. last year.
-EPS (Q2): $0.86 vs. $0.87 last year.
-Revenue (Q2): $658.0 Mln vs. $620.5 Mln last year.
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