Watts Water Technologies (WTS) revealed earnings for its third quarter that rose from the same period last year.
The company's bottom line totaled $46.4 million, or $1.37 per share. This compares with $32.9 million, or $0.97 per share, in last year's third quarter.
Analysts had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.5% to $455.0 million from $383.9 million last year.
Watts Water Technologies earnings at a glance:
-Earnings (Q3): . vs. . last year.
-EPS (Q3): $1.39 vs. $1.05 last year.
-Analysts Estimate: $1.29
-Revenue (Q3): $455.0 Mln vs. $383.9 Mln last year.
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