WASHINGTON (dpa-AFX) - Badger Meter Inc. (BMI) reported a profit for its first quarter that advanced from the same period last year.
The company's profit came in at $10.82 million, or $0.37 per share. This compares with $7.55 million, or $0.26 per share, in last year's first quarter.
Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.2% to $104.88 million from $105.04 million last year.
Badger Meter Inc. earnings at a glance:
-Earnings (Q1): $10.82 Mln. vs. $7.55 Mln. last year. -EPS (Q1): $0.37 vs. $0.26 last year. -Analysts Estimate: $0.38 -Revenue (Q1): $104.88 Mln vs. $105.04 Mln last year.
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