DALLAS (AP) _ CECO Environmental Corp. (CECE) on Wednesday reported third-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.
The Dallas-based company said it had profit of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The maker of air pollution controls and industrial ventilation systems posted revenue of $85.3 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $89.5 million.
CECO shares have climbed almost 6% since the beginning of the year. The stock has declined 6.5% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CECE at https://www.zacks.com/ap/CECE
Automated Insights, source Associated Press News