NEW YORK (AP) — NEW YORK (AP) — Griffon Corp. (GFF) on Wednesday reported fiscal third-quarter earnings of $51.6 million.
On a per-share basis, the New York-based company said it had net income of $1.14. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The garage door and building products maker posted revenue of $481.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $453.9 million.
Griffon expects full-year revenue of $1.8 billion.
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