Veralto Q3 Earnings Top Estimates With $253M Net Income, Guides Q4 EPS of $1.13-$1.16

Veralto Corp. (VLTO) reported third-quarter net income of $253 million on Thursday, with adjusted earnings of $1.18 per share that beat Wall Street expectations. The Waltham, Massachusetts-based water and product quality services provider posted earnings of $1.03 per share on a reported basis. The average estimate of three analysts surveyed by Zacks Investment Research was for adjusted earnings of $1.10 per share. Revenue for the period was $1.51 billion. For the current quarter ending in December, Veralto expects per-share earnings in the range of $1.13 to $1.16. The company forecasts full-year earnings of $4.49 to $4.52 per share.