Badger Meter doubles Q1 profit
Shares of Badger Meter Inc. (AMEX:BMI), which makes liquid flow measurement and control technology, are rising on news after the close on Tuesday that first-quarter profit more than doubled. The Milwaukee, Wis.-based company reported that earnings for the three months ended March 31 were $6.02 million, or $0.41 per share, compared with net income of $2.57 million, or $0.18 per share, a year earlier.
At 10:56 a.m. ET, the stock had gained $5.82, or 14%, to $47.50. For detailed price information and recent news stories about Badger Meter, click BMI.
