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2019-10-30 13:54
SHELTON, Conn. (AP) _ Hubbell Inc. (HUBB) on Tuesday reported third-quarter net income of $130.2 million.
On a per-share basis, the Shelton, Connecticut-based company said it had net income of $2.38. Earnings, adjusted for non-recurring gains, came to $2.34 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The electrical products manufacturer posted revenue of $1.2 billion in the period.
Hubbell expects full-year earnings in the range of $7.95 to $8.10 per share.
Hubbell shares have climbed 41% since the beginning of the year. The stock has increased 41% 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 HUBB at https://www.zacks.com/ap/HUBBCopyright 2019, Associated Press, The