July 30--Updated at 6:30 p.m. with new bottom-line figure.
Chesterfield-based infrastructure company Aegion Corp. just missed analysts' expectations with a second-quarter profit that declined 6 percent from a year ago.
Net income at the industrial piping and infrastructure engineering firm was $12.4 million, or 32 cents a share, in the quarter ended June 30. That compares to $13.2 million, or 34 cents a share, a year earlier.
Adjusted earning, which excluded acquisition-related expenses, was 34 cents a share in the second quarter. Analysts surveyed by Bloomberg had expected earnings per share of 34.7 cents.
Sales rose 33 percent to $323 million due to acquisitions.
The earnings were released after the market closed Tuesday. Aegion's stock closed down 1 percent, at $21.94.
Jacob Barker is a business reporter at the Post-Dispatch. Follow him on Twitter @jacobbarker and the Business section @postdispatchbiz.
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