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Hubbell: 1Q Earnings Snapshot

SHELTON, Conn. (AP) _ Hubbell Inc. (HUBB) on Tuesday reported first-quarter earnings of $72.3 million.

The Shelton, Connecticut-based company said it had profit of $1.32 per share. Earnings, adjusted for non-recurring costs, came to $1.57 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The electrical products manufacturer posted revenue of $1.09 billion in the period, which met Street forecasts.

Hubbell expects full-year earnings in the range of $7.80 to $8.20 per share.

Hubbell shares have climbed 24% since the beginning of the year. The stock has climbed 18% 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 HUBB at https://www.zacks.com/ap/HUBB