Advanced Drainage Systems Inc. Bottom Line Advances In Q3

(RTTNews) - Advanced Drainage Systems Inc. (WMS) revealed earnings for its third quarter that increased from last year.

The company said its bottom line climbed to $34.84 million, or $0.47 per share. This was up from $11.38 million, or $0.16 per share, in last year's third quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.9% to $320.83 million. This was up from $294.72 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q3): $34.84 Mln. vs. $11.38 Mln. last year. -Earnings Growth (Y-o-Y): 206.2% -EPS (Q3): $0.47 vs. $0.16 last year. -EPS Growth (Y-o-Y): 193.8% -Analysts Estimate: $0.20 -Revenue (Q3): $320.83 Mln vs. $294.72 Mln last year. -Revenue Change (Y-o-Y): 8.9%

-Guidance: Full year revenue guidance: $1.275 - $1.325 Bln