Brady Corporation Bottom Line Advances 65% In Q2

(RTTNews) - Brady Corporation (BRC) announced a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line totaled $25.29 million, or $0.49 per share. This was higher than $15.29 million, or $0.30 per share, in last year's second quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.2% to $268.00 million. This was down from $268.63 million last year.

Brady Corporation earnings at a glance:

-Earnings (Q2): $25.29 Mln. vs. $15.29 Mln. last year. -Earnings Growth (Y-o-Y): 65.4% -EPS (Q2): $0.49 vs. $0.30 last year. -EPS Growth (Y-o-Y): 63.3% -Analysts Estimate: $0.35 -Revenue (Q2): $268.00 Mln vs. $268.63 Mln last year. -Revenue Change (Y-o-Y): -0.2%

-Guidance: Full year EPS guidance: $1.75 to $1.85