Modine Manufacturing Co. Bottom Line Rises 21% In Q3

(RTTNews) - Modine Manufacturing Co. (MOD) announced a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line climbed to $17.2 million, or $0.22 per share. This was higher than $14.2 million, or $0.15 per share, in last year's third quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.6% to $328.7 million. This was down from $363.6 million last year.

Modine Manufacturing Co. earnings at a glance:

-Earnings (Q3): $17.2 Mln. vs. $14.2 Mln. last year. -Earnings Growth (Y-o-Y): 21.1% -EPS (Q3): $0.22 vs. $0.15 last year. -EPS Growth (Y-o-Y): 46.7% -Analysts Estimate: $0.25 -Revenue (Q3): $328.7 Mln vs. $363.6 Mln last year. -Revenue Change (Y-o-Y): -9.6%

-Guidance: Full year EPS guidance: $0.70 - $0.76