EnerSys Q3 Earnings Beat Expectations: Revenue Misses Estimates

Reading, Pa. (AP) - EnerSys (ENS) reported a fiscal third-quarter profit of $114.8 million on Wednesday. This equates to earnings per share of $2.88. Excluding non-recurring costs, adjusted earnings reached $3.12 per share, exceeding analysts' consensus estimate of $3.03 per share.

However, the company's revenue of $906.2 million fell short of market predictions. Analysts had forecasted $934.6 million.

For the current quarter ending in March, EnerSys anticipates earnings per share between $2.75 and $2.85. Revenue is projected in the range of $960-$1 billion.

For the full financial year, the company estimates earnings per share between $9.97-$10.07 and revenue between $3.6-$3.64 billion.