LONDON (AP) — LONDON (AP) — NVent Electric PLC (NVT) on Friday reported third-quarter earnings of $105 million.
On a per-share basis, the London-based company said it had profit of 62 cents. Earnings, adjusted for one-time gains and costs, were 84 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The maker of electrical connection and protection products posted revenue of $782 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $935.9 million.
For the current quarter ending in December, nVent expects its per-share earnings to range from 58 cents to 60 cents.
The company expects full-year earnings in the range of $2.49 to $2.51 per share.
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