EnerSys: Fiscal Q1 Earnings Snapshot
READING, Pa. (AP) — READING, Pa. (AP) — EnerSys (ENS) on Wednesday reported fiscal first-quarter earnings of $57.5 million.
The Reading, Pennsylvania-based company said it had net income of $1.46 per share. Earnings, adjusted for one-time gains and costs, were $2.08 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The maker of industrial batteries posted revenue of $893 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $849 million.
For the current quarter ending in September, EnerSys expects its per-share earnings to range from $2.33 to $2.43.
The company said it expects revenue in the range of $870 million to $910 million for the fiscal second quarter.
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