Badger Meter Inc. Profit Retreats In Q1

(RTTNews) - Badger Meter Inc. (BMI) revealed earnings for first quarter that dropped from the same period last year.

The company's earnings came in at $7.55 million, or $0.26 per share. This compares with $8.75 million, or $0.30 per share, in last year's first quarter.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.4% to $105.04 million from $101.61 million last year.

Badger Meter Inc. earnings at a glance:

-Earnings (Q1): $7.55 Mln. vs. $8.75 Mln. last year. -EPS (Q1): $0.26 vs. $0.30 last year. -Analysts Estimate: $0.37 -Revenue (Q1): $105.04 Mln vs. $101.61 Mln last year.