U.S. Markets closed

Advanced Drainage: Fiscal 3Q Earnings Snapshot

HILLIARD, Ohio (AP) _ Advanced Drainage Systems Inc. (WMS) on Thursday reported fiscal third-quarter profit of $15.3 million.

The Hilliard, Ohio-based company said it had net income of 25 cents per share. Earnings, adjusted for stock option expense, came to 30 cents per share.

The maker of water drainage systems and pipes posted revenue of $318.1 million in the period.

Advanced Drainage expects full-year revenue in the range of $1.38 billion to $1.43 billion.

Advanced Drainage shares have risen 7 percent since the beginning of the year. The stock has increased 16 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMS at https://www.zacks.com/ap/WMS