Albany International Q3 Earnings Rise 17%

(RTTNews) - Albany International (AIN) announced a profit for its third quarter that climbed from last year.

The company said its bottom line totaled $15.27 million, or $0.47 per share. This was higher than $13.07 million, or $0.41 per share, in last year's third quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.1% to $222.14 million. This was up from $191.27 million last year.

Albany International earnings at a glance:

-Earnings (Q3): $15.27 Mln. vs. $13.07 Mln. last year. -Earnings Growth (Y-o-Y): 16.8% -EPS (Q3): $0.47 vs. $0.41 last year. -EPS Growth (Y-o-Y): 14.6% -Analysts Estimate: $0.42 -Revenue (Q3): $222.14 Mln vs. $191.27 Mln last year. -Revenue Change (Y-o-Y): 16.1%