Evoqua Water: Fiscal Q3 Earnings Snapshot
PITTSBURGH (AP) _ Evoqua Water Technologies Corp. (AQUA) on Tuesday reported fiscal third-quarter net income of $17.6 million.
On a per-share basis, the Pittsburgh-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 24 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The company posted revenue of $439.3 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $432.7 million.
Evoqua Water shares have declined 18% since the beginning of the year. The stock has risen 16% in the last 12 months.