COVINGTON, La. (AP) — COVINGTON, La. (AP) — Pool Corp. (POOL) on Thursday reported second-quarter profit of $188.1 million.
On a per-share basis, the Covington, Louisiana-based company said it had profit of $5.17. Earnings, adjusted for one-time gains and costs, came to $5.38 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.30 per share.
The distributor of supplies for swimming pools posted revenue of $1.82 billion in the period, which met Street forecasts.
Pool Corp. expects full-year earnings in the range of $10.87 to $11.17 per share.
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