Oshkosh Corporation Q3 Profit Decreases, But Beats Estimates

Oshkosh Corporation (OSK) released earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $180.3 million, or $2.75 per share. This compares with $183.7 million, or $2.79 per share, in last year's third quarter.

Excluding items, Oshkosh Corporation reported adjusted earnings of $192.5 million or $2.93 per share for the period.

Analysts on average had expected the company to earn $2.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.2% to $2.741 billion from $2.509 billion last year.

Oshkosh Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $180.3 Mln. vs. $183.7 Mln. last year.
-EPS (Q3): $2.75 vs. $2.79 last year.
-Revenue (Q3): $2.741 Bln vs. $2.509 Bln last year.

by RTTNews Staff Writer

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