WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Veralto Corp. (VLTO) on Tuesday reported second-quarter profit of $241 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of 98 cents. Earnings, adjusted for non-recurring costs, came to $1.11 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The water and product quality services provider posted revenue of $1.47 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.44 billion.
For the current quarter ending in September, Veralto expects its per-share earnings to range from $1.06 to $1.09.
The company expects full-year earnings in the range of $4.35 to $4.43 per share.
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