Brady Corporation Announces 19% Rise In Q3 Earnings

(RTTNews) - Brady Corporation (BRC) reported a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line totaled $20.98 million, or $0.42 per share. This was up from $17.62 million, or $0.34 per share, in last year's third quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.2% to $286.82 million. This was down from $290.23 million last year.

Brady Corporation earnings at a glance:

-Earnings (Q3): $20.98 Mln. vs. $17.62 Mln. last year. -Earnings Growth (Y-o-Y): 19.1% -EPS (Q3): $0.42 vs. $0.34 last year. -EPS Growth (Y-o-Y): 23.5% -Analysts Estimate: $0.34 -Revenue (Q3): $286.82 Mln vs. $290.23 Mln last year. -Revenue Change (Y-o-Y): -1.2%

-Guidance: Full year EPS guidance: $1.37 - $1.45