-+ 0.00%
-+ 0.00%
-+ 0.00%
Modine: Fiscal Q2 Earnings Snapshot
Share
Listen to the news

RACINE, Wis. (AP) — RACINE, Wis. (AP) — Modine Manufacturing Co. (MOD) on Tuesday reported fiscal second-quarter profit of $30 million.

The Racine, Wisconsin-based company said it had profit of 56 cents per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to $1.35 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The heating and cooling products maker posted revenue of $994.4 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $974.6 million.

Modine expects full-year revenue in the range of $3.1 billion to $3.2 billion.

_____

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

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.
What's Trending