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Advanced Drainage: Fiscal Q2 Earnings Snapshot
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HILLIARD, Ohio (AP) — HILLIARD, Ohio (AP) — Advanced Drainage Systems Inc. (WMS) on Thursday reported fiscal second-quarter net income of $110.4 million.

The Hilliard, Ohio-based company said it had net income of $1.46 per share. Earnings, adjusted for one-time gains and costs, were $1.88 per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.

The maker of water drainage systems and pipes posted revenue of $889.4 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $933.6 million.

Advanced Drainage expects full-year revenue in the range of $3.3 billion to $3.4 billion.

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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 WMS at https://www.zacks.com/ap/WMS

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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