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A.O. Smith: 1Q Earnings Snapshot

MILWAUKEE (AP) _ A.O. Smith Corp. (AOS) on Tuesday reported first-quarter profit of $89.3 million.

On a per-share basis, the Milwaukee-based company said it had net income of 53 cents.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The maker of water heaters and boilers posted revenue of $748.2 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $765 million.

A.O. Smith expects full-year earnings in the range of $2.69 to $2.75 per share.

A.O. Smith shares have climbed 31% since the beginning of the year. The stock has declined 11% 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 AOS at https://www.zacks.com/ap/AOS