Ecolab Inc. Q1 Profit Drops, Inline With Estimates

(RTTNews) - Ecolab Inc. (ECL) released a profit for first quarter that decreased from last year in line with the Street estimates.

The company's bottom line came in at $171.9 million, or $0.60 per share. This compares with $193.6 million, or $0.67 per share, in last year's first quarter.

Excluding items, Ecolab Inc. reported adjusted earnings of $236.5 million or $0.82 per share for the period.

Analysts on average had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.1% to $3.27 billion from $2.89 billion last year.

Ecolab Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $171.9 Mln. vs. $193.6 Mln. last year. -EPS (Q1): $0.60 vs. $0.67 last year. -Analyst Estimates: $0.82 -Revenue (Q1): $3.27 Bln vs. $2.89 Bln last year.