U.S. Markets close in 2 hrs 32 mins

Lennox: 3Q Earnings Snapshot

RICHARDSON, Texas (AP) _ Lennox International Inc. (LII) on Monday reported third-quarter earnings of $108 million.

The Richardson, Texas-based company said it had net income of $2.65 per share. Earnings, adjusted for non-recurring costs, were $2.72 per share.

The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.

The manufacturer of furnaces, air conditioners and other products posted revenue of $1.03 billion in the period. Its adjusted revenue was $1.02 billion, which also fell short of Street forecasts. Fifteen analysts surveyed by Zacks expected $1.06 billion.

Lennox expects full-year earnings in the range of $8.70 to $9.10 per share.

Lennox shares have fallen slightly more than 7 percent since the beginning of the year. The stock has increased 7 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 LII at https://www.zacks.com/ap/LII