A.O. Smith Corp Q3 Profit Increases, beats estimates

(RTTNews) - A.O. Smith Corp (AOS) revealed a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $135.4 million, or $0.90 per share. This compares with $109.8 million, or $0.71 per share, in last year's third quarter.

Excluding items, A.O. Smith Corp reported adjusted earnings of $135.4 million or $0.90 per share for the period.

Analysts on average had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $937.5 million from $874.2 million last year.

A.O. Smith Corp earnings at a glance (GAAP) :

-Earnings (Q3): $135.4 Mln. vs. $109.8 Mln. last year. -EPS (Q3): $0.90 vs. $0.71 last year. -Analyst Estimate: $0.80 -Revenue (Q3): $937.5 Mln vs. $874.2 Mln last year.

-Guidance: Full year EPS guidance: $3.70 to $3.80 Full year revenue guidance: $3,800 - $3,850 Mln