Milacron Holdings: 3Q Earnings Snapshot
CINCINNATI (AP) _ Milacron Holdings Corp. (MCRN) on Tuesday reported third-quarter earnings of $26.1 million.
On a per-share basis, the Cincinnati-based company said it had net income of 36 cents. Earnings, adjusted to account for discontinued operations, came to 34 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The industrial technology company posted revenue of $250.3 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $289.1 million.
Milacron Holdings shares have increased 43% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.04, an increase of 23% in the last 12 months.