Libbey Inc. Reveals 31% Increase In Q3 Profit

(RTTNews) - Libbey Inc. (LBY) reported a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line totaled $17.96 million, or $0.81 per share. This was up from $13.76 million, or $0.62 per share, in last year's third quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.6% to $202.52 million. This was down from $216.89 million last year.

Libbey Inc. earnings at a glance:

-Earnings (Q3): $17.96 Mln. vs. $13.76 Mln. last year. -Earnings Growth (Y-o-Y): 30.5% -EPS (Q3): $0.81 vs. $0.62 last year. -EPS Growth (Y-o-Y): 30.6% -Analysts Estimate: $0.57 -Revenue (Q3): $202.52 Mln vs. $216.89 Mln last year. -Revenue Change (Y-o-Y): -6.6%