Barnes Group: 3Q Earnings Snapshot
BRISTOL, Conn. (AP) _ Barnes Group Inc. (B) on Friday reported third-quarter earnings of $45.8 million.
On a per-share basis, the Bristol, Connecticut-based company said it had profit of 89 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The aerospace and industrial parts supplier posted revenue of $372.6 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $374.4 million.
Barnes Group expects full-year earnings in the range of $3.18 to $3.23 per share.
Barnes Group shares have fallen slightly more than 1% since the beginning of the year. The stock has decreased roughly 8% in the last 12 months.