DXP Enterprises misses 3Q profit forecasts

HOUSTON (AP) _ DXP Enterprises Inc. (DXPE) on Thursday reported third-quarter net income of $3 million.

The Houston-based company said it had profit of 16 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The industrial products supplier posted revenue of $251.9 million in the period.

DXP Enterprises shares have decreased 23 percent since the beginning of the year. The stock has increased 29 percent 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 DXPE at https://www.zacks.com/ap/DXPE