Modine Manufacturing Co. Profit Retreats In Q1

(RTTNews) - Modine Manufacturing Co. (MOD) revealed earnings for first quarter that dropped from the same period last year.

The company's profit came in at $8.2 million, or $0.16 per share. This compares with $22.5 million, or $0.43 per share, in last year's first quarter.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.6% to $529.0 million from $566.1 million last year.

Modine Manufacturing Co. earnings at a glance:

-Earnings (Q1): $8.2 Mln. vs. $22.5 Mln. last year. -EPS (Q1): $0.16 vs. $0.43 last year. -Analysts Estimate: $0.36 -Revenue (Q1): $529.0 Mln vs. $566.1 Mln last year.

-Guidance: Full year EPS guidance: $1.35 - $1.50