Transcat Inc. (TRNS) revealed earnings for third quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $2.36 million, or $0.25 per share. This compares with $3.35 million, or $0.38 per share, last year.
Excluding items, Transcat Inc. reported adjusted earnings of $4.15 million or $0.45 per share for the period.
Analysts on average had expected the company to earn $0.50 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.4% to $66.75 million from $65.17 million last year.
Transcat Inc. earnings at a glance (GAAP) :
-Earnings: $2.36 Mln. vs. $3.35 Mln. last year.
-EPS: $0.25 vs. $0.38 last year.
-Revenue: $66.75 Mln vs. $65.17 Mln last year.
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