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Badger Meter Inc. Q2 adjusted earnings Miss Estimates

Badger Meter Inc. (BMI) announced earnings for its second quarter that increased from last year.

The company's earnings came in at $11.36 million, or $0.39 per share. This compares with $6.15 million, or $0.21 per share, in last year's second quarter.

Excluding items, Badger Meter Inc. reported adjusted earnings of $11.36 million or $0.39 per share for the period.

Analysts had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.9% to $103.54 million from $113.65 million last year.

Badger Meter Inc. earnings at a glance:

-Earnings (Q2): $11.36 Mln. vs. $12.29 Mln. last year.
-EPS (Q2): $0.39 vs. $0.42 last year.
-Analysts Estimate: $0.44
-Revenue (Q2): $103.54 Mln vs. $113.65 Mln last year.

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