Powell Industries Inc. (POWL) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $46.33 million, or $3.81 per share. This compares with $33.49 million, or $2.75 per share, last year.
Analysts on average had expected the company to earn $3.44 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.2% to $278.631 million from $255.108 million last year.
Powell Industries Inc. earnings at a glance (GAAP) :
-Earnings: $46.33 Mln. vs. $33.49 Mln. last year.
-EPS: $3.81 vs. $2.75 last year.
-Revenue: $278.631 Mln vs. $255.108 Mln last year.
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