A.O. Smith: Q3 Earnings Snapshot
A.O. Smith (AOS) reported third-quarter earnings of $132 million, with a profit of 94 cents per share, surpassing Wall Street expectations.
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. The company posted revenue of $942.5 million, beating Street forecasts of $936 million.
For the full year, Smith expects earnings in the range of $3.70 to $3.85 per share, with revenue in the range of $3.8 billion to $3.85 billion. The company's shares have increased almost 1% since the beginning of the year, but have fallen 11% in the last 12 months.
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Author's summary: A.O. Smith reports Q3 earnings of $132 million.
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