DEERFIELD, Ill. (AP) — DEERFIELD, Ill. (AP) — Fortune Brands Innovations, Inc. (FBIN) on Wednesday reported third-quarter net income of $136.6 million.
The Deerfield, Illinois-based company said it had profit of $1.09 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.16 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The maker of products for the home, like faucets, cabinets, windows and doors posted revenue of $1.16 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.24 billion.
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