Badger Meter Inc logo

BMI - Badger Meter Inc News Story

$102.12 -2.0  -1.9%

Last Trade - 03/03/21

Sector
Industrials
Size
Mid Cap
Market Cap £2.18bn
Enterprise Value £2.12bn
Revenue £305.0m
Position in Universe 1825th / 6642

BUZZ-Badger Meter Inc: Drops after results miss estimates

Thu 16th July, 2020 3:53pm
** Water meter maker's shares  BMI.N  fall as much as 8.3%
to three-week low of $59.53; stock on track to post biggest
one-day pct loss in three months
    ** Reports lower-than-expected Q2 profit and revenue, hurt
by coronavirus-led lockdowns across U.S.  urn:newsml:reuters.com:*:nBw2mY1Qza
    ** While economic activity is improving, data and market
sentiment suggest the potential for a protracted recovery as
coronavirus-related disruption and uncertainty may weigh on
demand, supply chain and manufacturing output, as well as
municipal budgets - CEO Kenneth Bockhorst
    ** YTD, stock has fallen about 7%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))
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