Mistras Group Inc. (MG) Monday posted third-quarter net income attributable to the company of $2.75 million or $0.09 per share, compared to $3.04 million or $0.11 per share in the comparable quarter last year.
Adjusted net income for the latest third quarter was $1.94 million or $0.07 per share, down from $3.76 million or $0.13 per share in the year-ago period. On average, six analysts polled by Thomson Reuters expected earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude unusual gains and losses.
Total revenue for the quarter grew 28 percent to $133.26 million from $104.12 million last year, while three Wall Street analysts had a consensus revenue estimate of $131.62 million for the quarter.
Moving ahead, the company expects revenue to be in the high end of its previous guidance of $525 million to $535 million for the full year 2013. Analysts currently expect revenues of $533.24 million for the year.
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