CHARLOTTE, N.C. (AP) _ NN Inc. (NNBR) on Thursday reported third-quarter net income of $22 million, after reporting a loss in the same period a year earlier.

The Charlotte, North Carolina-based company said it had net income of 45 cents per share. Earnings, adjusted to account for discontinued operations, came to 7 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The industrial parts maker posted revenue of $113.8 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $180 million.

NN shares have decreased 36% since the beginning of the year. The stock has dropped 28% 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 NNBR at https://www.zacks.com/ap/NNBR

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