Kaydon Corporation (KDN) reported third quarter net income of $16.07 million, compared to $16.34 million last year. The company noted that the prior year results were adjusted.
Earnings were $0.48 per share, compared to $0.50 per share in the prior year quarter.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share. Analysts' estimates typically exclude special items.
Sales in the third fiscal quarter of 2009 were $123.6 million, compared to $126.8 million in the third quarter of 2008. Six analysts estimated revenues of $97.68 million.
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