Brady Corporation Profit Advances In Q3

(RTTNews) - Brady Corporation (BRC) revealed earnings for its third quarter that increased from the same period last year.

The company's profit totaled $34.78 million, or $0.65 per share. This compares with $26.00 million, or $0.49 per share, in last year's third quarter.

Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.9% to $289.75 million from $298.42 million last year.

Brady Corporation earnings at a glance:

-Earnings (Q3): $34.78 Mln. vs. $26.00 Mln. last year. -EPS (Q3): $0.65 vs. $0.49 last year. -Analysts Estimate: $0.56 -Revenue (Q3): $289.75 Mln vs. $298.42 Mln last year.

-Guidance: Full year EPS guidance: $2.35 to $2.40