Watts Water Technologies Bottom Line Advances 12% In Q3

(RTTNews) - Watts Water Technologies (WTS) revealed earnings for its third quarter that increased from last year.

The company said its bottom line rose to $27.5 million, or $0.80 per share. This was up from $24.6 million, or $0.71 per share, in last year's third quarter.

Analysts had expected the company to earn $0.78 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $364.7 million. This was up from $341.1 million last year.

Watts Water Technologies earnings at a glance:

-Earnings (Q3): $27.5 Mln. vs. $24.6 Mln. last year. -Earnings Growth (Y-o-Y): 11.8% -EPS (Q3): $0.80 vs. $0.71 last year. -EPS Growth (Y-o-Y): 12.7% -Analysts Estimate: $0.78 -Revenue (Q3): $364.7 Mln vs. $341.1 Mln last year. -Revenue Change (Y-o-Y): 6.9%