Veralto: Q2 Earnings Snapshot

WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Veralto Corp. (VLTO) on Tuesday reported second-quarter profit of $241 million.

On a per-share basis, the Waltham, Massachusetts-based company said it had net income of 98 cents. Earnings, adjusted for non-recurring costs, came to $1.11 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The water and product quality services provider posted revenue of $1.47 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.44 billion.

For the current quarter ending in September, Veralto expects its per-share earnings to range from $1.06 to $1.09.

The company expects full-year earnings in the range of $4.35 to $4.43 per share.

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