Brady Corporation Q2 Profit Decreases, Misses Estimates

Brady

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(RTTNews) - Brady Corporation (BRC) released earnings for second quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $40.33 million, or $0.83 per share. This compares with $43.63 million, or $0.90 per share, last year.

Excluding items, Brady Corporation reported adjusted earnings of $48.12 million or $1.00 per share for the period.

Analysts on average had expected the company to earn $1.03 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.6% to $356.68 million from $322.62 million last year.

Brady Corporation earnings at a glance (GAAP) :

-Earnings: $40.33 Mln. vs. $43.63 Mln. last year. -EPS: $0.83 vs. $0.90 last year. -Revenue: $356.68 Mln vs. $322.62 Mln last year.

-Guidance: Full year EPS guidance: $4.45 to $4.70