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AZZ: Fiscal Q2 Earnings Snapshot
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FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — AZZ Inc. (AZZ) on Tuesday reported fiscal second-quarter net income of $58.5 million.

On a per-share basis, the Fort Worth, Texas-based company said it had profit of $1.94. Earnings, adjusted for one-time gains and costs, came to $2 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.

The electrical equipment maker posted revenue of $486.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $461.8 million.

AZZ expects full-year earnings in the range of $7 to $7.30 per share, with revenue in the range of $1.83 billion to $1.88 billion.

AZZ shares have risen 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $138.31, a climb of 37% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZZ at https://www.zacks.com/ap/AZZ

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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