FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Franklin Electric Co. (FELE) on Tuesday reported third-quarter earnings of $16.7 million.
The Fort Wayne, Indiana-based company said it had profit of 37 cents per share. Earnings, adjusted for non-recurring costs, came to $1.30 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The water and fuel pumping systems company posted revenue of $581.7 million in the period.
Franklin Electric expects full-year earnings in the range of $4 to $4.20 per share, with revenue in the range of $2.09 billion to $2.15 billion.
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