Albany International Q1 adjusted earnings Beat Estimates

(RTTNews) - Albany International (AIN) reported a profit for first quarter that declined from last year.

The company's earnings totaled $10.25 million, or $0.32 per share. This compares with $10.84 million, or $0.34 per share, in last year's first quarter.

Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.4% to $229.98 million from $199.28 million last year.

Albany International earnings at a glance:

-EPS (Q1): $0.54 vs. $0.46 last year. -Analysts Estimate: $0.51 -Revenue (Q1): $229.98 Mln vs. $199.28 Mln last year.