Standex International Corp Q3 Profit Increases, beats estimates

(RTTNews) - Standex International Corp (SXI) released a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $17.32 million, or $1.43 per share. This compares with $1.43 million, or $0.11 per share, in last year's third quarter.

Excluding items, Standex International Corp reported adjusted earnings of $1.54 per share for the period.

Analysts on average had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.9% to $189.3 million from $172.2 million last year.

Standex International Corp earnings at a glance (GAAP) :

-Earnings (Q3): $17.32 Mln. vs. $1.43 Mln. last year. -EPS (Q3): $1.43 vs. $0.11 last year. -Analyst Estimate: $1.48 -Revenue (Q3): $189.3 Mln vs. $172.2 Mln last year.