Standex International Corp Q3 Income Retreats 9%

(RTTNews) - Standex International Corp (SXI) released earnings for third quarter that retreated compared to the same period last year.

The company said its profit declined to $11.86 million, or $0.93 per share. This was down from $13.06 million, or $1.02 per share, in last year's third quarter.

Analysts had expected the company to earn $1.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.0% to $177.46 million. This was down from $180.99 million last year.

Standex International Corp earnings at a glance:

-Earnings (Q3): $11.86 Mln. vs. $13.06 Mln. last year. -Earnings Decline (Y-o-Y): -9.2% -EPS (Q3): $0.93 vs. $1.02 last year. -EPS Decline (Y-o-Y): -8.8% -Analysts Estimate: $1.05 -Revenue (Q3): $177.46 Mln vs. $180.99 Mln last year. -Revenue Change (Y-o-Y): -2.0%