U.S. Markets closed
  • S&P Futures

    3,650.75
    -9.75 (-0.27%)
     
  • Dow Futures

    29,679.00
    -125.00 (-0.42%)
     
  • Nasdaq Futures

    12,430.25
    -22.00 (-0.18%)
     
  • Russell 2000 Futures

    1,832.10
    -3.40 (-0.19%)
     
  • Crude Oil

    44.12
    -0.43 (-0.97%)
     
  • Gold

    1,813.10
    -5.80 (-0.32%)
     
  • Silver

    23.83
    -0.26 (-1.08%)
     
  • EUR/USD

    1.2086
    +0.0007 (+0.0604%)
     
  • 10-Yr Bond

    0.9340
    +0.0900 (+10.66%)
     
  • Vix

    20.77
    +0.20 (+0.97%)
     
  • GBP/USD

    1.3423
    -0.0000 (-0.0027%)
     
  • USD/JPY

    104.3520
    +0.0360 (+0.0345%)
     
  • BTC-USD

    18,467.45
    -228.73 (-1.22%)
     
  • CMC Crypto 200

    363.38
    -16.48 (-4.34%)
     
  • FTSE 100

    6,384.73
    +118.54 (+1.89%)
     
  • Nikkei 225

    26,802.19
    +14.65 (+0.05%)
     

Watts Water: 3Q Earnings Snapshot

·1 min read

NORTH ANDOVER, Mass. (AP) _ Watts Water Technologies Inc. (WTS) on Wednesday reported third-quarter net income of $32.9 million.

On a per-share basis, the North Andover, Massachusetts-based company said it had net income of 97 cents. Earnings, adjusted for one-time gains and costs, were $1.05 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The maker of valves for plumbing, heating and water needs posted revenue of $383.9 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $361.9 million.

Watts Water shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $115.79, an increase of 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 WTS at https://www.zacks.com/ap/WTS