NORTH ANDOVER, Mass. (AP) _ Watts Water Technologies Inc. (WTS) on Wednesday reported second-quarter earnings of $37.5 million.

The North Andover, Massachusetts-based company said it had net income of $1.11 per share. Earnings, adjusted for restructuring costs, were $1.48 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The maker of valves for plumbing, heating and water needs posted revenue of $467 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $424.2 million.

Watts Water shares have increased 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $155.58, a rise of 79% 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 WTS at https://www.zacks.com/ap/WTS

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