Barnes Group (B) Misses Q3 EPS by 3c, Offers Guidance

Barnes Group (NYSE: B) reported Q3 EPS of $0.66, $0.03 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $357 million versus the consensus estimate of $351.01 million.

GUIDANCE:

Barnes Group sees FY2017 EPS of $2.84-$2.89, versus the consensus of $2.90.

• Barnes Group now expects 2017 total revenue growth of 15.5% to 16.5% with organic revenue growth of 10.5% to 11.5% and 5% from acquisition revenues.

For earnings history and earnings-related data on Barnes Group (B) click here.

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