— Rexnord Corp. (RXN) on Wednesday reported fiscal second-quarter
earnings of $29.8 million.
On a per-share
basis, the Milwaukee-based company said it had net income of 23
cents. Earnings, adjusted for one-time gains and costs, were 32
cents per share.
surpassed Wall Street expectations. The average estimate of six
analysts surveyed by Zacks Investment Research was for earnings of
31 cents per share.
control and water management company posted revenue of $510.8
million in the period, also topping Street forecasts. Five analysts
surveyed by Zacks expected $505.7 million.
have climbed 30 percent since the beginning of the year to $25.44.