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ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Thursday reported fiscal first-quarter net income of $22.5 million.
The Atlanta-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring gains, came to 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The maker of fire hydrants, pipes and water valves posted revenue of $314.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $280 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MWA">Zacks stock report on MWA at https://www.zacks.com/ap/MWA