CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Wednesday reported first-quarter profit of $23.2 million.
The Cranberry Township, Pennsylvania-based company said it had profit of 59 cents per share. Earnings, adjusted for non-recurring costs, came to $1.14 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The maker of safety products posted revenue of $326 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $340.9 million.
MSA Safety shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $106.99, an increase of 22 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 MSA at https://www.zacks.com/ap/MSA