Analysts’ Profit Estimates Satisfy Water Pik
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Water Pik Technologies Inc. said it’s “comfortable” with analysts’ earnings estimates of 13 cents to 16 cents a share for the third quarter.
The Newport Beach company, which manufactures personal health care products, pool products and heating systems, also said it is comfortable with fiscal year estimates of $1.20 a share that emerged from a survey of analysts by First Call/Thomson Financial.
Water Pik was spun off in December from Allegheny Technologies Inc. in Pittsburgh.
For the year ended Dec. 31, 1999, Water Pik reported net income of $11.1 million, or $1.15 a share, on revenue of $254.7 million.
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