ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Monday reported fiscal third-quarter net income of $33.7 million.
The Atlanta-based company said it had net income of 21 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The maker of fire hydrants, pipes and water valves posted revenue of $274.3 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $275.6 million.
Mueller Water Products shares have risen roughly 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.70, a decline of 22% in the last 12 months.