COVINGTON, La. (AP) — COVINGTON, La. (AP) — Pool Corp. (POOL) on Thursday reported first-quarter net income of $53.5 million.
The Covington, Louisiana-based company said it had net income of $1.42 per share. Earnings, adjusted for pretax gains, were $1.32 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The distributor of supplies for swimming pools posted revenue of $1.07 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.09 billion.
Pool Corp. expects full-year earnings to be $11.10 to $11.60 per share.
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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 POOL at https://www.zacks.com/ap/POOL
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