×

KLX beats 3Q profit forecasts

WELLINGTON, Fla. (AP) _ KLX Inc. (KLXI) on Wednesday reported fiscal third-quarter profit of $25.8 million.

The Wellington, Florida-based company said it had profit of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 88 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The aerospace products and energy services company posted revenue of $456.7 million in the period.

KLX expects full-year earnings to be $3.10 per share.

KLX shares have risen 20 percent since the beginning of the year. The stock has climbed 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 KLXI at https://www.zacks.com/ap/KLXI