UPDATE: AZZ Reports 3.1% Rise In FQ3 Profit, Lifts Forecast
AZZ Inc (NYSE: AZZ) reported a 3.1% rise in its fiscal third-quarter profit and lifted its earnings forecast for the year.
AZZ now projects earnings of $3 to $3.15 per share, up from its earlier view of $2.90 to $3.10 per share.
AZZ's quarterly profit rose to $10 million, or $0.79 per share, from $9.7 million, or $0.77 per share, in the year-ago period. Its revenue climbed 13% to $116.5 million. However, analysts were expecting earnings of $0.79 per share on revenue of $118 million.
AZZ shares fell 0.31% to close at $45.75 yesterday.
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