Badger Meter Inc. Earnings Drop 9% In Q3

(RTTNews) - Badger Meter Inc. (BMI) announced a profit for third quarter that lost ground compared to the same period last year.

The company said its earnings dropped to $7.98 million, or $0.27 per share. This was lower than $8.79 million, or $0.30 per share, in last year's third quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.9% to $100.01 million. This was up from $96.27 million last year.

Badger Meter Inc. earnings at a glance:

-Earnings (Q3): $7.98 Mln. vs. $8.79 Mln. last year. -Earnings Decline (Y-o-Y): -9.2% -EPS (Q3): $0.27 vs. $0.30 last year. -EPS Decline (Y-o-Y): -10.0% -Analysts Estimate: $0.35 -Revenue (Q3): $100.01 Mln vs. $96.27 Mln last year. -Revenue Change (Y-o-Y): 3.9%