Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Gardner Denver Q1 Profit Declines; Lowers FY12 EPS Outlook - Quick Facts

4/19/2012 5:16 PM ET

Gardner Denver Inc. (GDI: Quote) reported that its first-quarter net income attributable to company was $54.8 million or $1.08 per share, compared to $59.5 million or $1.13 per share in the previous year period.

Adjusted earnings per share was $1.40, compared to $1.15 last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit of $1.36 per share. Analysts' estimates typically exclude special items.

Revenues increased 14% to $604.36 million from $531.85 million in the comparable quarter last year, while seven analysts had consensus revenue estimate of $585.59 million for the quarter.

Gardner Denver expects second quarter earnings per share to be in the range of $1.35 to $1.45, and adjusted earnings per share to be in a range of $1.40 to $1.50. Analysts currently expect earnings of $1.51 per share in the second quarter.

The company expects full-year 2012 earnings per share in the range of $5.20 to $5.40 and adjusted earnings to be in a range of $5.60 to $5.80 per share. Analysts now expect full-year 2012 earnings of $5.93 per share.

Earlier, the company had expected full-year 2012 earnings to be in the range of $5.85 to $6.05 per share and adjusted earnings per share in the range of $6.00 to $6.20.

Register
To receive FREE breaking news email alerts for Gardner Denver, Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.