Badger Meter Inc. Profit Retreats 19% In Q3

(RTTNews) - Badger Meter Inc. (BMI) revealed earnings for third quarter that decreased compared to the same period last year.

The company said its earnings declined to $8.33 million, or $0.58 per share. This was lower than $10.23 million, or $0.71 per share, in last year's third quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.2% to $99.39 million. This was up from $96.27 million last year.

Badger Meter Inc. earnings at a glance:

-Earnings (Q3): $8.33 Mln. vs. $10.23 Mln. last year. -Earnings Decline (Y-o-Y): -18.6% -EPS (Q3): $0.58 vs. $0.71 last year. -EPS Decline (Y-o-Y): -18.3% -Analysts Estimate: $0.63 -Revenue (Q3): $99.39 Mln vs. $96.27 Mln last year. -Revenue Change (Y-o-Y): 3.2%