Blount International, Inc. (BLT) reported third quarter net income of $11.3 million or $0.23 per share, down from $14.8 million or $0.31 per share in the same quarter a year-ago.
On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share. Analysts' estimates typically exclude special items.
Quarterly sales declined to $130.4 million from $175.0 million in the corresponding quarter last year. On average, three analysts had consensus revenue estimate of $132.51 million for the quarter.
Looking ahead, the company tightens its full year 2009 sales outlook to a range of $480 million - $490 million from its prior guidance of $470 million - $490 million. Analysts estimate full-year 2009 revenues of $483.78 million.
The company now expects full year 2009 operating income to range between $57 million and $60 million, compared to a prior outlook of $55 million-$60 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.