FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — AZZ Inc. (AZZ) on Wednesday reported fiscal second-quarter earnings of $89.3 million.
The Fort Worth, Texas-based company said it had profit of $2.95 per share. Earnings, adjusted for one-time gains and costs, came to $1.55 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The electrical equipment maker posted revenue of $417.3 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $429.5 million.
AZZ expects full-year earnings in the range of $5.75 to $6.25 per share, with revenue in the range of $1.63 billion to $1.73 billion.
AZZ shares have risen 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $105.94, an increase of 31% 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 AZZ at https://www.zacks.com/ap/AZZ
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