FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — AZZ Inc. (AZZ) on Wednesday reported fiscal third-quarter net income of $41.1 million.
The Fort Worth, Texas-based company said it had net income of $1.36 per share. Earnings, adjusted for one-time gains and costs, were $1.52 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The electrical equipment maker posted revenue of $425.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $417.3 million.
AZZ expects full-year earnings in the range of $5.90 to $6.20 per share, with revenue in the range of $1.63 billion to $1.7 billion.
AZZ shares have increased 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $109.55, a climb of 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 AZZ at https://www.zacks.com/ap/AZZ
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