Badger Meter sees sharpest decline in 4-1/2 yrs as Q3 results disappoint

Badger Meter

17/10/2024 17:29

** Badger Meter's  BMI.N  shares down 9.4% to $199.14, over
one-month low, after co's qtrly results miss consensus
    ** BMI tracking biggest daily pct decline since Apr 2020
** Wisconsin-based firm, which makes products to measure and
control the flow of water, and other liquids and gases,  early
Thurs Q3 rev rose 12% y/y to $208.4 mln and adj EPS increased to
$1.08 from 88 cents a yr ago
    ** Wall Street analysts expected rev of $212.2 mln and adj
EPS of $1.11, per LSEG data
  
    **  Looking ahead, co said in statement 
  
    
      
    
  
    
      
    
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380
))