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Badger Meter Inc. Q3 adjusted earnings Beat Estimates

Badger Meter Inc. (BMI) released a profit for third quarter that fell from last year.

The company's profit totaled $2.85 million, or $0.10 per share. This compares with $7.98 million, or $0.27 per share, in last year's third quarter.

Excluding items, Badger Meter Inc. reported adjusted earnings of $13.50 million or $0.46 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $110.63 million from $100.01 million last year.

Badger Meter Inc. earnings at a glance:

-Earnings (Q3): $13.50 Mln. vs. $7.98 Mln. last year.
-EPS (Q3): $0.46 vs. $0.27 last year.
-Analysts Estimate: $0.41
-Revenue (Q3): $110.63 Mln vs. $100.01 Mln last year.

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