Mine Safety Appliances Earnings: Here’s Why Shares are Up Now
Mine Safety Appliances Co. (NYSE:MSA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.89%.
Mine Safety Appliances Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 16.39% to $0.71 in the quarter versus EPS of $0.61 in the year-earlier quarter.
Revenue: Decreased 1.09% to $299.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mine Safety Appliances Co. reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.67. It beat the average revenue estimate of $299.49 million.
Quoting Management: “MSA’s consolidated second quarter results demonstrate continued success in executing our corporate strategy, a key element of which is driving global demand for the company’s core products,” said William M. Lambert, MSA President and CEO.
Key Stats (on next page)…
Revenue increased 5.86% from $283.12 million in the previous quarter. EPS increased 36.54% from $0.52 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.66 to a profit $0.70. For the current year, the average estimate has moved up from a profit of $2.60 to a profit of $2.67 over the last ninety days.