HOUSTON (AP) — HOUSTON (AP) — Powell Industries Inc. (POWL) on Monday reported fiscal second-quarter net income of $45.9 million.
On a per-share basis, the Houston-based company said it had profit of $1.25.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The energy equipment company posted revenue of $296.6 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $298.2 million.
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