Date: 2016-08-04

Anixter International beats 2Q profit forecasts

 Anixter International Inc. (AXE) on Tuesday reported second-quarter profit of $20.5 million.

The Glenview, Illinois-based company said it had net income of 61 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were $1.32 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The maker of security products, wires and fasteners posted revenue of $1.96 billion in the period.

Anixter International shares have decreased almost 3 percent since the beginning of the year. The stock has fallen 6 percent in the last 12 months.

Previous: igus maintenance and lubricant-free linear slides and cable management systems take centre stage at Plasa Show Olympia
Next: Freudenberg Sealing Technologies: An Enthusiastic Customer - Longer Service Life for Piston Pump Seals

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
24130B NTN	150	250	100
24032BK30 NTN	160	240	80

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.