SALEM, N.H. (AP) — SALEM, N.H. (AP) — Standex International Corp. (SXI) on Thursday reported fiscal third-quarter profit of $15.8 million.
The Salem, New Hampshire-based company said it had profit of $1.33 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.75 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The equipment manufacturing company posted revenue of $177.3 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $180.1 million.
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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 SXI at https://www.zacks.com/ap/SXI
