LSI Industries Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - LSI Industries Inc. (LYTS) revealed a profit for second quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $5.65 million, or $0.18 per share. This compares with $5.91 million, or $0.20 per share, last year.

Excluding items, LSI Industries Inc. reported adjusted earnings of $8.00 million or $0.26 per share for the period.

Analysts on average had expected the company to earn $0.20 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 35.5% to $147.73 million from $109.01 million last year.

LSI Industries Inc. earnings at a glance (GAAP) :

-Earnings: $5.65 Mln. vs. $5.91 Mln. last year. -EPS: $0.18 vs. $0.20 last year. -Revenue: $147.73 Mln vs. $109.01 Mln last year.