NewzLOUIS (AP) β Energizer Holdings Inc. (ENR) on Tuesday reported fiscal third-quarter net income of $39.9 million. Louis-based company said it had profit of 58 cents per share.
Earnings, adjusted for one-time gains and costs, were 75 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The battery and personal care products company posted revenue of $734.1 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $737.3 million. For the current quarter ending in September, Energizer expects its per-share earnings to range from $1.25 to $1.35.
The company expects full-year earnings in the range of $3.30 to $3.60 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENR at https://www.zacks.com/ap/ENR Source
NEW YORK (AP) β NEW YORK (AP) β Ares Commercial Real Estate Corp. (ACRE) on Tuesday reported second-quarter net income of $4.4 million, after reporting a loss in the same period a year earlier. On a per-share basis, the New York-based company said it had profit of 8 cents.
Earnings, adjusted for stock option expense and non-recurring costs, came to 12 cents per share. The real estate investment trust posted revenue of $14.4 million in the period. Its adjusted revenue was $27.8 million.
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