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Standex International Corp Q1 adjusted earnings Beat Estimates

Standex International Corp (SXI) reported earnings for first quarter that dropped from last year.

The company's earnings came in at $12.5 million, or $1.00 per share. This compares with $14.4 million, or $1.12 per share, in last year's first quarter.

Analysts had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $196.4 million from $193.1 million last year.

Standex International Corp earnings at a glance:

-EPS (Q1): $0.97 vs. $1.21 last year.
-Analysts Estimate: $0.94
-Revenue (Q1): $196.4 Mln vs. $193.1 Mln last year.

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