Commercial sanitary services company Ecolab Inc. reported Tuesday that second-quarter earnings were down 3 percent to $302 million, or $1 per share.
The St. Paul-based company said adjusted earnings were $1.08 per share, meeting Wall Street expectations.
Shares rose 5 percent in Tuesday trading.
The company posted revenue of $3.39 billion in the period, which missed forecasts. Analysts surveyed by Zacks Investment Research expected $3.51 billion.
For the current quarter ending in September, Ecolab expects its per-share earnings to range from $1.24 to $1.31. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.31.
Ecolab maintained its full-year 2015 forecast for earnings per share in the range of $4.45 to $4.60. For the third quarter, adjusted earnings are expected at $1.24 to $1.31 per share.
“We delivered a solid quarter as our focus on innovative products and effective on-site service drove better results and improved value for customers,” Chairman and CEO Doug Baker said in a statement.
Ecolab provides cleaning products and services to hospitals, medical offices, hotels, restaurants and similar businesses. It also expanded in recent years to acquire companies that provide water treatment and oil field services.
Shares of Ecolab rose $5.38 to $113.77 Tuesday.
