SALEM, N.H. (AP) — SALEM, N.H. (AP) — Standex International Corp. (SXI) on Thursday reported fiscal second-quarter net income of $857,000.
On a per-share basis, the Salem, New Hampshire-based company said it had net income of 7 cents. Earnings, adjusted for one-time gains and costs, were $1.91 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The equipment manufacturing company posted revenue of $189.8 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $188.8 million.
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