India, Feb. 12 -- Watts Water Technologies (WTS) revealed a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $55.8 million, or $1.67 per share. This compares with $68.9 million, or $2.05 per share, in last year's fourth quarter.
Excluding items, Watts Water Technologies reported adjusted earnings of $66.1 million or $1.97 per share for the period.
Analysts on average had expected the company to earn $1.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.1% to $547.5 million from $501.9 million last year.
Watts Water Technologies earnings at a glance (GAAP) :
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