Standex: Fiscal Q1 Earnings Snapshot

SALEM, N.H. (AP) — SALEM, N.H. (AP) — Standex International Corp. (SXI) on Thursday reported fiscal first-quarter earnings of $24.2 million.

The Salem, New Hampshire-based company said it had net income of $1.98 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.41 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.

The equipment manufacturing company posted revenue of $232.6 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $228.8 million.

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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 SXI at https://www.zacks.com/ap/SXI