PHILADELPHIA (AP) _ Axalta Coating Systems Ltd. (AXTA) on Monday reported third-quarter earnings of $69.1 million.

The Philadelphia-based company said it had profit of 30 cents per share. Earnings, adjusted for non-recurring costs, came to 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The high-performance coating system maker posted revenue of $1.09 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.1 billion.

Axalta Coating Systems expects full-year earnings in the range of $1.70 to $1.80 per share.

Axalta Coating Systems shares have increased 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.42, a climb of 21% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXTA at https://www.zacks.com/ap/AXTA

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