Business
Pool Corp.: Q1 Earnings Snapshot
Pool Corp.: Q1 Earnings
About this update from Pool Corporation
COVINGTON, La. (AP) — COVINGTON, La. (AP) — Pool Corp. (POOL) on Thursday reported first-quarter earnings of $53.2 million. On a per-share basis, the Covington, Louisiana-based company said it had net income of $1.45. Earnings, adjusted for pretax gains, were $1.43 per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share. The distributor of supplies for swimming pools posted revenue of $1.14 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.1 billion.Pool Corp. expects full-year earnings to be $10.87 to $11.17 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POOL at https://www.zacks.com/ap/POOLFor copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News