$AIN

Albany International Shares Slightly Lower After Q1 Adjusted Earnings Decline

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%