SAINT PAUL, Minn. (AP) — SAINT PAUL, Minn. (AP) — Ecolab Inc. (ECL) on Tuesday reported third-quarter earnings of $585 million.
The Saint Paul, Minnesota-based company said it had net income of $2.05 per share. Earnings, adjusted for one-time gains and costs, came to $2.07 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.
The cleaning, food-safety and pest-control services company posted revenue of $4.17 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $4.12 billion.
For the current quarter ending in December, Ecolab expects its per-share earnings to range from $2.02 to $2.12.
The company expects full-year earnings in the range of $7.48 to $7.58 per share.
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