ST PAUL, Minn. (AP) _ H. B. Fuller Co. (FUL) on Wednesday reported fiscal second-quarter profit of $49.1 million.
On a per-share basis, the St Paul, Minnesota-based company said it had net income of 90 cents. Earnings, adjusted for non-recurring costs, came to 94 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The adhesives company posted revenue of $827.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $765.3 million.
H. B. Fuller shares have climbed 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $65.64, a climb of 55% in the last 12 months.
The Associated Press