DAYTON, Minn. (AP) — DAYTON, Minn. (AP) — Forgent Power Solutions Inc. (FPS) on Thursday reported fiscal first-quarter earnings of $48.2 million.

On a per-share basis, the Dayton, Minnesota-based company said it had net income of 18 cents. Earnings, adjusted for stock option expense and amortization costs, were 24 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The electrical distribution equipment manufacturer posted revenue of $478.6 million in the period.

Forgent Power expects full-year earnings in the range of $1.30 to $1.44 per share, with revenue in the range of $2.45 billion to $2.65 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 FPS at https://www.zacks.com/ap/FPS

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