Pall Corp. posts 4Q profit, results top Wall Street expectations

Pall Corp. (PLL) on Thursday reported fiscal fourth-quarter net income of $120.1 million.

On a per-share basis, the Port Washington, New York-based company said it had net income of $1.08. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The company posted revenue of $800 million in the period, also surpassing Street forecasts. Analysts expected $774.1 million, according to Zacks.

Pall Corp. released its full-year outlook, with annual earnings per share expected to be in the range of $3.75 to $3.95.

Pall Corp. shares have decreased slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 8 percent. The stock has climbed 17 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. A stock research report on PLL from Zacks is available at: http://www.zacks.com/ap/PLL

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Keywords:Pall Corp.,Earnings Report