SCOTTSDALE, Ariz. (AP) _ Carlisle Cos. Inc. (CSL) on Thursday reported first-quarter net income of $52.2 million.

On a per-share basis, the Scottsdale, Arizona-based company said it had profit of 97 cents. Earnings, adjusted for non-recurring costs, came to $1.47 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The diversified manufacturer posted revenue of $1.03 billion in the period.

Carlisle shares have risen 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $177.83, an increase of 48% 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 CSL at https://www.zacks.com/ap/CSL

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News