CHICAGO (AP) _ Hill-Rom Holdings Inc. (HRC) on Friday reported fiscal first-quarter earnings of $39.8 million.

On a per-share basis, the Chicago-based company said it had profit of 59 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $1.13 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The medical equipment maker posted revenue of $685 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $685.3 million.

For the current quarter ending in April, Hill-Rom expects its per-share earnings to range from $1.14 to $1.16.

The company expects full-year earnings in the range of $5.50 to $5.56 per share.

Hill-Rom shares have dropped roughly 1% since the beginning of the year. The stock has climbed 17% 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 HRC at https://www.zacks.com/ap/HRC

Automated Insights, source Associated Press News