Barnes Group Inc Q2 adjusted earnings Beat Estimates

Barnes Group Inc (B) reported earnings for its second quarter that rose from the same period last year.

The company’s profit came in at $49.43 million, or $0.93 per share. This compares with $45.03 million, or $0.82 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 3.0% to $375.32 million from $364.49 million last year.

Barnes Group Inc earnings at a glance:

-EPS (Q2): $0.90 vs. $0.81 last year.
-Analysts Estimate: $0.75
-Revenue (Q2): $375.32 Mln vs. $364.49 Mln last year.

Full year EPS guidance: $3.21 to $3.31

by RTTNews Staff Writer

Source: Read Full Article