Gardner Denver Inc. (GDI) reported third quarter net income of $19.4 million or $0.37 per share, compared to $34.6 million or $0.65 per share in the prior year period.
On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share. Analysts' estimates typically exclude special items.
Revenues for the period were $428.8 million, compared to $480.3 million in the prior year period. Eight Wall Street analysts expected revenues of $409.33 million.
Looking forward, for the fourth quarter, the company expects earnings per share in the range of $0.61 to $0.65. Excluding profit improvement costs, the fourth quarter earnings per share is expected to be in a range of $0.68 to $0.72.
Street analysts expect earnings of $0.70 per share for the fourth quarter.
For the full-year 2009, net loss per share is now expected to be in the range of $3.29 to $3.25, compared to its earlier forecast in the range of $3.27 - $3.47. Full-year adjusted earnings per share is now expected to be in a range of $2.30 to $2.34, compared to its previous projection in the range of $2.12 to $2.32.
Street analysts expect earnings of $2.14 per share for the full-year.
Further, the company said it plans to complete the closure of manufacturing operations in Gloucester, U.K. in the fourth quarter of 2009 and Sheboygan in the first quarter of 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.