AZZ Incorporated reports robust results for Q3AZZ Incorporated (NYSE: AZZ), a manufacturer of electrical products and a provider of galvanizing services, reported strong results for the third quarter, led by strong demand for the company’s electrical and industrial products segment. Results also beat the sole analyst on Wall Street’s estimates. For the three months ended Nov. 30, 2007, the Fort Worth, Texas-based company reported net income increased 54% to $8.1 million, or $0.66 per diluted share, compared with net income of $5.2 million, or $0.44 per diluted share, in last year's fiscal third quarter. An analyst polled by Thomson Financial was forecasting earnings of $0.53 per share. Revenues increased 32% to $86.6 million, compared to $65.4 million for the same period last year. Shares of AZZ (AZZ) gained $1.25, or 4.33%, to $30.10 in pre-market. Shares of AZZ have been trading in the range of $17.51 to $41.58 for the past 52 weeks. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
|
Research
|
