Federal Signal Corp (FSS) released earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $46.3 million, or $0.75 per share. This compares with $51.6 million, or $0.84 per share, last year.
Excluding items, Federal Signal Corp reported adjusted earnings of $47.0 million or $0.76 per share for the period.
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 rose 9.2% to $463.8 million from $424.9 million last year.
Federal Signal Corp earnings at a glance (GAAP) :
-Earnings: $46.3 Mln. vs. $51.6 Mln. last year.
-EPS: $0.75 vs. $0.84 last year.
-Revenue: $463.8 Mln vs. $424.9 Mln last year.
-Guidance:
Full year EPS guidance: $3.63 - $3.90
Full year revenue guidance: $2.02 - $2.10 Bln
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