Armstrong World Industries Inc. (AWI) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $69.1 million, or $1.58 per share. This compares with $59.9 million, or $1.36 per share, last year.
Excluding items, Armstrong World Industries Inc. reported adjusted earnings of $73 million or $1.66 per share for the period.
Analysts on average had expected the company to earn $1.53 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 99.9% to $382.7 million from $326.3 billion last year.
Armstrong World Industries Inc. earnings at a glance (GAAP) :
-Earnings: $69.1 Mln. vs. $59.9 Mln. last year.
-EPS: $1.58 vs. $1.36 last year.
-Revenue: $382.7 Mln vs. $326.3 Bln last year.
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