Badger Meter Inc. Profit Declines 9% In Q4

(RTTNews) - Badger Meter Inc. (BMI) announced earnings for fourth quarter that declined from last year.

The company said its profit dropped to $5.48 million, or $0.38 per share. This was down from $6.00 million, or $0.42 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.2% to $95.77 million. This was up from $89.34 million last year.

Badger Meter Inc. earnings at a glance:

-Earnings (Q4): $5.48 Mln. vs. $6.00 Mln. last year. -Earnings Decline (Y-o-Y): -8.7% -EPS (Q4): $0.38 vs. $0.42 last year. -EPS Decline (Y-o-Y): -9.5% -Analysts Estimate: $0.46 -Revenue (Q4): $95.77 Mln vs. $89.34 Mln last year. -Revenue Change (Y-o-Y): 7.2%