CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Wednesday reported second-quarter net income of $36.1 million.
On a per-share basis, the Cranberry Township, Pennsylvania-based company said it had net income of 92 cents. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The maker of safety products posted revenue of $314.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $319 million.
MSA Safety shares have declined almost 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $120.21, a climb of 14% in the last 12 months.