MILWAUKEE (AP) — MILWAUKEE (AP) — Badger Meter Inc. (BMI) on Tuesday reported third-quarter earnings of $35.1 million.
On a per-share basis, the Milwaukee-based company said it had net income of $1.19.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The manufacturer of products that measure gas and water flow posted revenue of $235.7 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $229.4 million.
Badger Meter shares have declined 12% since the beginning of the year. The stock has dropped roughly 10% 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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