Modine Manufacturing Co. (MOD) has reported an increase in its third-quarter earnings, as compared to the same duration last year, which exceeded Wall Street predictions.
The company declared a net income of $44.4 million or $0.83 per share, presenting an increase from last year's third-quarter figures of $24.5 million or $0.46 per share.
When considered without certain factors, Modine Manufacturing Co. posted an adjusted earnings of $0.74 per share for the period.
Industry experts, based on data compiled by Thomson Reuters, had foreseen an earning of $0.59 per share. It should be noted that these calculations typically omit special factors.
The revenue generated by the company in the said quarter exhibited a slight increase of 0.2%, reaching $561.4 million from $560.0 million in the previous year.
Here’s a quick overview of Modine Manufacturing Co.'s third-quarter earnings (GAAP):
- Earnings (Q3): $44.4 Million, up from $24.5 Million last year
- Earnings per share (Q3): $0.83, up from $0.46 last year
- Estimated Earnings by Analysts: $0.59
- Revenue (Q3): $561.4 Million, up from $560.0 Million last year.
