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Griffon: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ Griffon Corp. (GFF) on Thursday reported fiscal first-quarter earnings of $8.8 million.

On a per-share basis, the New York-based company said it had profit of 21 cents. Earnings, adjusted for pretax expenses, came to 22 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The garage door and building products maker posted revenue of $510.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $518.7 million.

Griffon shares have risen 35 percent since the beginning of the year. The stock has decreased 32 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 GFF at https://www.zacks.com/ap/GFF