SALEM, N.H. (AP) — SALEM, N.H. (AP) — Standex International Corp. (SXI) on Tuesday reported fiscal first-quarter net income of $18.2 million.
On a per-share basis, the Salem, New Hampshire-based company said it had profit of $1.53. Earnings, adjusted for one-time gains and costs, were $1.71 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The equipment manufacturing company posted revenue of $170.5 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $179 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SXI at https://www.zacks.com/ap/SXI
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