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A.O. Smith Corp Q1 adjusted earnings Beat Estimates

A.O. Smith Corp (AOS) reported a profit for its first quarter that climbed from the same period last year.

The company's earnings totaled $98.8 million, or $0.57 per share. This compares with $87.7 million, or $0.50 per share, in last year's first quarter.

Excluding items, A.O. Smith Corp reported adjusted earnings of $103.8 million or $0.60 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.5% to $788 million from $740 million last year.

A.O. Smith Corp earnings at a glance:

-Earnings (Q1): $103.8 Mln. vs. $87.7 Mln. last year.
-EPS (Q1): $0.60 vs. $0.50 last year.
-Analysts Estimate: $0.58
-Revenue (Q1): $788 Mln vs. $740 Mln last year.

-Guidance:
Full year EPS guidance: $2.55 - $2.61

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