Badger Meter: Q3 Earnings Snapshot

MILWAUKEE (AP) — MILWAUKEE (AP) — Badger Meter Inc. (BMI) on Thursday reported third-quarter earnings of $35.9 million.

The Milwaukee-based company said it had net income of $1.24 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The manufacturer of products that measure gas and water flow posted revenue of $235.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $240.6 million.

Badger Meter shares have declined 24% since the beginning of the year. The stock has dropped 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMI at https://www.zacks.com/ap/BMI