Brady Corporation Bottom Line Retreats In Q2

(RTTNews) - Brady Corporation (BRC) announced earnings for second quarter that retreated compared to the same period last year.

The company said its earnings came in at $4.27 million, or $0.08 per share. This was lower than $25.29 million, or $0.49 per share, in last year's second quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.4% to $287.78 million. This was up from $268.00 million last year.

Brady Corporation earnings at a glance:

-Earnings (Q2): $4.27 Mln. vs. $25.29 Mln. last year. -Earnings Decline (Y-o-Y): -83.1% -EPS (Q2): $0.08 vs. $0.49 last year. -EPS Decline (Y-o-Y): -83.7% -Analysts Estimate: $0.44 -Revenue (Q2): $287.78 Mln vs. $268.00 Mln last year. -Revenue Change (Y-o-Y): 7.4%

-Guidance: Full year EPS guidance: $1.90 - $2.00