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Albany International: Q3 Earnings Snapshot
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PORTSMOUTH, N.H. (AP) — PORTSMOUTH, N.H. (AP) — Albany International Corp. (AIN) on Wednesday reported third-quarter net income of $41.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Portsmouth, New Hampshire-based company said it had net income of $1.46. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.68 per share.

The textile and composite maker posted revenue of $349.5 million in the period.

For the current quarter ending in December, Albany International expects its per-share earnings to range from 65 cents to 75 cents.

The company said it expects revenue in the range of $325 million to $335 million for the fiscal fourth quarter.

Albany International shares have climbed 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.47, a climb of slightly more than 5% 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 AIN at https://www.zacks.com/ap/AIN

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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