Tower International, Inc. Reveals 31% Rise In Q3 Bottom Line

(RTTNews) - Tower International, Inc. (TOWR) revealed earnings for its third quarter that rose from last year.

The company said its bottom line totaled $17.91 million, or $0.84 per share. This was up from $13.63 million, or $0.61 per share, in last year's third quarter.

Analysts had expected the company to earn $0.8 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.4% to $457.04 million. This was up from $442.19 million last year.

Tower International, Inc. earnings at a glance:

-Earnings (Q3): $17.91 Mln. vs. $13.63 Mln. last year. -Earnings Growth (Y-o-Y): 31.4% -EPS (Q3): $0.84 vs. $0.61 last year. -EPS Growth (Y-o-Y): 37.7% -Analysts Estimate: $0.8 -Revenue (Q3): $457.04 Mln vs. $442.19 Mln last year. -Revenue Change (Y-o-Y): 3.4%