Brady Corporation Q2 Profit Rises 2%

(RTTNews) - Brady Corporation (BRC) announced earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $15.29 million, or $0.30 per share. This was higher than $15.03 million, or $0.29 per share, in last year's second quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.0% to $268.63 million. This was down from $282.63 million last year.

Brady Corporation earnings at a glance:

-Earnings (Q2): $15.29 Mln. vs. $15.03 Mln. last year. -Earnings Growth (Y-o-Y): 1.7% -EPS (Q2): $0.30 vs. $0.29 last year. -EPS Growth (Y-o-Y): 3.4% -Analysts Estimate: $0.23 -Revenue (Q2): $268.63 Mln vs. $282.63 Mln last year. -Revenue Change (Y-o-Y): -5.0%

-Guidance: Full year EPS guidance: $1.20 - $1.35