Badger Meter Inc. (BMI) released a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $30.7 million, or $1.04 per share. This compares with $24.7 million, or $0.84 per share, last year.
Analysts on average had expected the company to earn $1.1 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.5% to $205.2 million from $182.4 million last year.
Badger Meter Inc. earnings at a glance (GAAP) :
-Earnings: $30.7 Mln. vs. $24.7 Mln. last year.
-EPS: $1.04 vs. $0.84 last year.
-Revenue: $205.2 Mln vs. $182.4 Mln last year.
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