EnerSys (ENS: Quote) Wednesday reported an increase in profit for the first quarter, helped mainly by higher revenues.
Net earnings attributable to EnerSys stockholders increased to $45.8 million or $0.95 per share from $33.5 million or $0.66 per share in the same period last year.
Adjusted earnings were $0.95 per share, compared to $0.68 per share last year.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.89 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $593.9 million, up 4 percent from $569.2 million last year. Analysts expected revenues of $599.11 million.
Looking ahead to the second quarter of the fiscal 2013, the company has forecast earnings in the range of $0.85 to $0.89 per share. Analysts currently expect the company to earn $0.83 per share for the second quarter.
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by RTT Staff Writer
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