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Albany International Shares Slightly Lower After Q1 Adjusted Earnings Decline

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Albany International (AIN) shares were down 0.1% in Thursday early trading after the company's Q1 adjusted earnings declined year over year.

The company reported Q1 adjusted earnings Thursday of $0.60 per diluted share, down from $0.73 a year earlier.

Three analysts polled by FactSet expected $0.53.

Revenue for the quarter ended March 31 was $311.3 million, up from $288.8 million a year earlier.

Two analysts surveyed by FactSet expected $281 million.

The company expects Q2 adjusted EPS of $0.70 to $0.80 and revenue of $335 million to $345 million.

Two analysts polled by FactSet expect $0.64 and $304 million.

Price: $58.33, Change: $+0.31, Percent Change: +0.54%

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