Griffon Corp. Earnings Rise 5% In Q1

(RTTNews) - Griffon Corp. (GFF) revealed a profit for its first quarter that rose from last year.

The company said its bottom line advanced to $8.20 million, or $0.18 per share. This was up from $7.82 million, or $0.16 per share, in last year's first quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.6% to $494.15 million. This was down from $502.16 million last year.

Griffon Corp. earnings at a glance:

-Earnings (Q1): $8.20 Mln. vs. $7.82 Mln. last year. -Earnings Growth (Y-o-Y): 4.9% -EPS (Q1): $0.18 vs. $0.16 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $0.17 -Revenue (Q1): $494.15 Mln vs. $502.16 Mln last year. -Revenue Change (Y-o-Y): -1.6%