A.O. Smith (AOS +6.8%) gains after easily beating Q1 expectations. Net profit increased by 16%...

|About: A. O. Smith Corporation (AOS)|By:, SA News Editor

A.O. Smith (AOS +6.8%) gains after easily beating Q1 expectations. Net profit increased by 16% Y/Y, on strong sales from its recently acquired water-heater firm Lochinvar and continued growth in China. The company also lifts its FY12 forecast, now projecting earnings between $2.75 - $2.90 per share, versus its previous per share forecast of $2.65 - $2.85.