CHICAGO (AP) _ Hill-Rom Holdings Inc. (HRC) on Friday reported fiscal first-quarter earnings of $58.8 million.

The Chicago-based company said it had net income of 88 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.53 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The medical equipment maker posted revenue of $741.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $654.7 million.

Hill-Rom expects full-year earnings in the range of $5.70 to $5.90 per share.

Hill-Rom shares have dropped slightly since the beginning of the year. The stock has dropped slightly more than 9% 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

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