FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Franklin Electric Co. (FELE) on Tuesday reported second-quarter profit of $59.1 million.
On a per-share basis, the Fort Wayne, Indiana-based company said it had net income of $1.26.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The water and fuel pumping systems company posted revenue of $543.3 million in the period.
Franklin Electric expects full-year earnings to be $4.16 to $4.34 per share, with revenue in the range of $2.1 billion to $2.17 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FELE at https://www.zacks.com/ap/FELE
