MILWAUKEE (AP) — MILWAUKEE (AP) — Badger Meter Inc. (BMI) on Thursday reported third-quarter net income of $32 million.
The Milwaukee-based company said it had profit of $1.08 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The manufacturer of products that measure gas and water flow posted revenue of $208.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $209 million.
Badger Meter shares have risen 42% since the beginning of the year. The stock has risen 60% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMI at https://www.zacks.com/ap/BMI
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
