Badger Meter: Q4 Earnings Snapshot
MILWAUKEE (AP) — MILWAUKEE (AP) — Badger Meter Inc. (BMI) on Wednesday reported fourth-quarter net income of $33.6 million.
The Milwaukee-based company said it had net income of $1.14 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The manufacturer of products that measure gas and water flow posted revenue of $220.7 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $230.8 million.
For the year, the company reported profit of $141.6 million, or $4.79 per share. Revenue was reported as $916.7 million.
Badger Meter shares have declined almost 6% since the beginning of the year. The stock has decreased 21% in the last 12 months.
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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 BMI at https://www.zacks.com/ap/BMI