Kadant (KAI) Beats Q3 Earnings and Revenue Estimates

Kadant (KAI) came out with quarterly earnings of $2.59 per share, beating the Zacks Consensus Estimate of$ 2.18 per share. This compares to earnings of $2.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +18.81%. A quarter ago, it was expected that this equipment supplier for the papermaking and paper recycling industries would post earnings of$ 1.94 per share when it actually produced earnings of $2.31, delivering a surpris ...