Barnes Group Inc. (B) reported third quarter net income of $10.89 million or $0.20 per share, compared to $27.82 million or $0.49 per share last year.
The company reported income from continuing operations of $10.9 million, or $0.20 per share, compared to $29.2 million, or $0.52 per share in the prior year period.
On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share. Analysts' estimates typically exclude special items.
Net sales declined to $260.34 million from $333.81 million in the same quarter last year.
Five analysts estimated revenues of $254.44 million.
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