Newz(REZI) on Wednesday reported second-quarter net income of $97 million. The Scottsdale, Arizona-based company said it had profit of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 83 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. The residential comfort and security systems maker posted revenue of $1.98 billion in the period, which also beat Street forecasts.
Four analysts surveyed by Zacks expected $1.93 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REZI at https://www.zacks.com/ap/REZI Source
ST-LAURENT, Quebec (AP) — ST-LAURENT, Quebec (AP) — CAE Inc. (CAE) on Wednesday reported fiscal first-quarter net income of $22.4 million. On a per-share basis, the St-Laurent, Quebec-based company said it had net income of 7 cents.
Earnings, adjusted for restructuring costs and amortization costs, were 19 cents per share. The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The civil and military flight simulator company posted revenue of $847.6 million in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $818.1 million. CAE shares have dropped 9% since the beginning of the year.
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