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Mueller Water Products: Fiscal 2Q Earnings Snapshot

ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Monday reported fiscal second-quarter profit of $10.9 million.

On a per-share basis, the Atlanta-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring costs, came to 12 cents per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The maker of fire hydrants, pipes and water valves posted revenue of $234 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $253.5 million.

Mueller Water Products shares have climbed 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.72, a rise of nearly 10% 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 MWA at https://www.zacks.com/ap/MWA