Mine Safety Appliances Q3 Profit Up - Quick Facts

(RTTNews) - Mine Safety Appliances Co. (MSA), reported a slight increase in third-quarter net income, in-spite of decrease in revenues.

For the three-month period, the company reported net income of $19.5 million or $0.52 per share, compared with $19.2 million or $0.51 per share last year.

Excluding after-tax restructuring expense, foreign currency charges and a gain on an asset sale totaling $2 million, net income for the quarter was $22 million or $0.57 per basic share.

On average, four analysts polled by Thomson Reuters expected the company to report earnings per share of $0.69 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales decreased to $278.2 million, from prior year's $286.5 million. Analysts expected the company to generate revenues of $298.91 million for the quarter.