(HUBB) on Tuesday reported second-quarter earnings of $240.4 million. On a per-share basis, the Shelton, Connecticut-based company said it had profit of $4.52. Earnings, adjusted for one-time gains and costs, came to $5.52 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.31 per share. The electrical products manufacturer posted revenue of $1.71 billion in the period, also exceeding Street forecasts.
Three analysts surveyed by Zacks expected $1.68 billion. Hubbell expects full-year earnings in the range of $20.25 to $20.55 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 HUBB at https://www.zacks.com/ap/HUBB Source (BA) on Tuesday reported a loss of $444 million in its second quarter. The Arlington, Virginia-based company said it had a loss of 67 cents per share.
Losses, adjusted for non-recurring gains, were 76 cents per share. The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The airplane builder posted revenue of $24.56 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $24.05 billion. Boeing shares have decreased almost 3% since the beginning of the year, while the S&P’s 500 index has increased slightly more than 8%.
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