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DOWNERS GROVE, Ill. (AP) — DOWNERS GROVE, Ill. (AP) — Federal Signal Corp. (FSS) on Wednesday reported first-quarter net income of $46.3 million.
The Downers Grove, Illinois-based company said it had net income of 75 cents per share. Earnings, adjusted for non-recurring costs, were 76 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers posted revenue of $463.8 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $466.5 million.
Federal Signal expects full-year earnings in the range of $3.63 to $3.90 per share, with revenue in the range of $2.02 billion to $2.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSS at https://www.zacks.com/ap/FSS