Carlisle: 2Q Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Carlisle Cos. Inc. (CSL) on Tuesday reported second-quarter net income of $113.7 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had profit of $1.85. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.97 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The diversified manufacturer posted revenue of $1.24 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.18 billion.
Carlisle shares have dropped almost 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $112.82, a rise of 13 percent in the last 12 months.