MILWAUKEE (AP) — MILWAUKEE (AP) — Badger Meter Inc. (BMI) on Thursday reported first-quarter earnings of $38.4 million.
The Milwaukee-based company said it had net income of $1.30 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The manufacturer of products that measure gas and water flow posted revenue of $222.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $221.9 million.
Badger Meter shares have decreased 13% since the beginning of the year. The stock has climbed 20% in the last 12 months.
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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 BMI at https://www.zacks.com/ap/BMI
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