NORTH ANDOVER, Mass. (AP) — NORTH ANDOVER, Mass. (AP) — Watts Water Technologies Inc. (WTS) on Wednesday reported third-quarter profit of $69.1 million.
The North Andover, Massachusetts-based company said it had profit of $2.06 per share. Earnings, adjusted for one-time gains and costs, came to $2.03 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.
The maker of valves for plumbing, heating and water needs posted revenue of $543.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $538.8 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 WTS at https://www.zacks.com/ap/WTS
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