Modine Manufacturing Co. Announces 9% Retreat In Q2 Earnings

(RTTNews) - Modine Manufacturing Co. (MOD) revealed a profit for second quarter that retreated compared to the same period last year.

The company said its earnings totaled $8.1 million, or $0.04 per share. This was lower than $8.9 million, or $0.05 per share, in last year's second quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.5% to $334.0 million. This was down from $377.3 million last year.

Modine Manufacturing Co. earnings at a glance:

-Earnings (Q2): $8.1 Mln. vs. $8.9 Mln. last year. -Earnings Decline (Y-o-Y): -9.0% -EPS (Q2): $0.04 vs. $0.05 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.09 -Revenue (Q2): $334.0 Mln vs. $377.3 Mln last year. -Revenue Change (Y-o-Y): -11.5%

-Guidance: Full year EPS guidance: $0.75 - $0.82