Aegion Corp. (AEGN: Quote) Monday reported an increase in profit for the second quarter, helped mainly by higher revenues.
Net income attributable to Aegion was $11.5 million or $0.29 per share, compared to $7.6 million or $0.19 per share in the same period last year.
Adjusted earnings were $12.9 million or $0.33 per share, compared to $7.9 million or $0.20 per share last year.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $257.5 million, up from $225 million last year. Analysts expected revenues of $257.14 million.
Looking ahead to the fiscal year 2012, the company has forecast adjusted earnings in the range of $1.40 to $1.60 per share. Analysts expect full-year earnings of $1.50 per share.
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by RTT Staff Writer
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