WALTHAM, Mass. (AP) 鈥� WALTHAM, Mass. (AP) 鈥� Veralto Corp. (VLTO) on Tuesday reported first-quarter earnings of $254 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $1.02. Earnings, adjusted for one-time gains and costs, came to $1.07 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The water and product quality services provider posted revenue of $1.42 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.4 billion.
For the current quarter ending in June, Veralto expects its per-share earnings to range from 96 cents to $1.
The company expects full-year earnings in the range of $4.20 to $4.28 per share.
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