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MSA Safety: 3Q Earnings Snapshot

·1 min read

CRANBERRY TOWNSHIP, Pa. (AP) _ MSA Safety Inc. (MSA) on Wednesday reported third-quarter earnings of $28 million.

The Cranberry Township, Pennsylvania-based company said it had net income of 71 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 94 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The maker of safety products posted revenue of $304.4 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $332.1 million.

MSA Safety shares have increased almost 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $136.08, an increase of 16% in the last 12 months.

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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