Advanced Drainage Systems (WMS) Tops Q1 Earnings and Revenue Estimates

Advanced Drainage Systems (WMS) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $2.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +9.55%. A quarter ago, it was expected that this maker of water drainage systems and pipes would post earnings of $1.09 per share when it actually produced earnings of $1.03, delivering a surprise of -5.5% ...