Kadant (KAI) Beats Q2 Earnings and Revenue Estimates

Kadant (KAI) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of$ 1.94 per share. This compares to earnings of $2.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +19.07%. A quarter ago, it was expected that this equipment supplier for the papermaking and paper recycling industries would post earnings of$ 1.97 per share when it actually produced earnings of $2.1, delivering a surprise ...