Advanced Drainage Systems Inc. Earnings Rise In Q1

(RTTNews) - Advanced Drainage Systems Inc. (WMS) announced a profit for its first quarter that rose from the same period last year.

The company's profit came in at $29.06 million, or $0.51 per share. This compares with $15.81 million, or $0.28 per share, in last year's first quarter.

Analysts had expected the company to earn $0.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $387.85 million from $358.36 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q1): $29.06 Mln. vs. $15.81 Mln. last year. -EPS (Q1): $0.51 vs. $0.28 last year. -Analysts Estimate: $0.40 -Revenue (Q1): $387.85 Mln vs. $358.36 Mln last year.

-Guidance: Full year revenue guidance: $1.375 - $1.425 Bln