Anixter International meets 2Q profit forecasts

GLENVIEW, Ill. (AP) _ Anixter International Inc. (AXE) on Tuesday reported second-quarter earnings of $40.1 million.

On a per-share basis, the Glenview, Illinois-based company said it had profit of $1.18. Earnings, adjusted for amortization costs, came to $1.36 per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $1.36 per share.

The maker of security products, wires and fasteners posted revenue of $2 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $2.03 billion.

Anixter International shares have declined almost 3 percent since the beginning of the year. The stock has climbed 34 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. Access a Zacks stock report on AXE at https://www.zacks.com/ap/AXE

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Keywords: Anixter International, Earnings Report

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