CHARLOTTE, N.C. (AP) _ SPX Flow Inc. (FLOW) on Thursday reported first-quarter net income of $19.5 million.
The Charlotte, North Carolina-based company said it had net income of 46 cents per share. Earnings, adjusted for non-recurring gains, were 44 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The engineered flow components maker posted revenue of $491.1 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $483.4 million.
SPX Flow shares have increased 17% since the beginning of the year. The stock has dropped 22% 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 FLOW at https://www.zacks.com/ap/FLOW