A.O. Smith: 2Q Earnings Snapshot
MILWAUKEE (AP) _ A.O. Smith Corp. (AOS) on Tuesday reported second-quarter net income of $102.1 million.
The Milwaukee-based company said it had profit of 61 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The maker of water heaters and boilers posted revenue of $765.4 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $814.4 million.
A.O. Smith expects full-year earnings in the range of $2.35 to $2.41 per share.
A.O. Smith shares have climbed nearly 3% since the beginning of the year. The stock has fallen 26% in the last 12 months.