MILWAUKEE (AP) — MILWAUKEE (AP) — Badger Meter Inc. (BMI) on Tuesday reported second-quarter profit of $34.6 million.
The Milwaukee-based company said it had net income of $1.17 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The manufacturer of products that measure gas and water flow posted revenue of $238.1 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $234.3 million.
Badger Meter shares have increased 16% since the beginning of the year. The stock has risen 29% 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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