Franklin Electric Co Inc (FELE) released earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $30.96 million, or $0.67 per share. This compares with $32.95 million, or $0.70 per share, last year.
Analysts on average had expected the company to earn $0.73 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.2% to $455.24 million from $460.90 million last year.
Franklin Electric Co Inc earnings at a glance (GAAP) :
-Earnings: $30.96 Mln. vs. $32.95 Mln. last year.
-EPS: $0.67 vs. $0.70 last year.
-Revenue: $455.24 Mln vs. $460.90 Mln last year.
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