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Hubbell: 3Q Earnings Snapshot

SHELTON, Conn. (AP) _ Hubbell Inc. (HUBB) on Tuesday reported third-quarter profit of $113.6 million.

The Shelton, Connecticut-based company said it had net income of $2.06 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $2.22 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

The electrical products manufacturer posted revenue of $1.18 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.17 billion.

Hubbell expects full-year earnings in the range of $7.20 to $7.30 per share.

Hubbell shares have fallen 10 percent since the beginning of the year. The stock has fallen slightly more than 1 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 HUBB at https://www.zacks.com/ap/HUBB