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Mueller Industries Q2 adjusted earnings Beat Estimates

Mueller Industries (MLI) released earnings for second quarter that declined from the same period last year.

The company's profit came in at $27.99 million, or $0.50 per share. This compares with $33.18 million, or $0.58 per share, in last year's second quarter.

Excluding items, Mueller Industries reported adjusted earnings of $32.87 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $666.39 million from $662.77 million last year.

Mueller Industries earnings at a glance:

-Earnings (Q2): $32.87 Mln. vs. $33.18 Mln. last year.
-EPS (Q2): $0.58 vs. $0.58 last year.
-Analysts Estimate: $0.51
-Revenue (Q2): $666.39 Mln vs. $662.77 Mln last year.

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