CINCINNATI (AP) _ Milacron Holdings Corp. (MCRN) on Tuesday reported a first-quarter loss of $800,000, after reporting a profit in the same period a year earlier.
The Cincinnati-based company said it had a loss of 1 cent per share. Earnings, adjusted to account for discontinued operations and amortization costs, came to 27 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The industrial technology company posted revenue of $248.7 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $280.2 million.
Milacron Holdings shares have climbed 29% since the beginning of the year. The stock has decreased 17% 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 MCRN at https://www.zacks.com/ap/MCRN