Milacron Holdings: 2Q Earnings Snapshot
CINCINNATI (AP) _ Milacron Holdings Corp. (MCRN) on Tuesday reported second-quarter earnings of $4.1 million.
The Cincinnati-based company said it had net income of 6 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The industrial technology company posted revenue of $271.4 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $283.5 million.
Milacron Holdings shares have risen 41% since the beginning of the year. The stock has decreased 15% in the last 12 months.