WASHINGTON (dpa-AFX) - Pall Corp. (PLL) Wednesday said its profit for the third quarter increased from last year, due mainly to higher revenues.
The Port Washington, New York-based company reported a third-quarter net profit of $78.92 million or $0.67 per share, compared to $71.07 million or $0.60 per share last year.
Pro forma earnings for the quarter dropped to $83.39 million or $0.70 per share from $85.10 million or $0.72 per share in the prior-year quarter. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.80 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew to $657.98 million from $653.79 million in the prior-year quarter. Six analysts had a consensus revenue estimate of $725.17 million for the quarter.
Copyright RTT News/dpa-AFX
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