Federal Signal Corp (FSS) announced earnings for first quarter that decreased from last year.
The company said its bottom line declined to $11.7 million, or $0.19 per share. This was down from $14.4 million, or $0.22 per share, in last year's first quarter.
Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 12.1% to $172.8 million. This was down from $196.5 million last year.
Federal Signal Corp earnings at a glance:
-Earnings (Q1): $11.7 Mln. vs. $14.4 Mln. last year.
-Earnings Decline (Y-o-Y): -18.8%
-EPS (Q1): $0.19 vs. $0.22 last year.
-EPS Decline (Y-o-Y): -13.6%
-Analysts Estimate: $0.16
-Revenue (Q1): $172.8 Mln vs. $196.5 Mln last year.
-Revenue Change (Y-o-Y): -12.1%
-Guidance:
Full year EPS guidance: $0.70 to $0.80
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