Powell Industries Inc. recently revealed a 19% rise in its earnings report for the current fiscal year's fourth quarter, on the back of lower expenses; its backlog, however, did continue to fall. The results posted have managed to beat Wall Street estimates.

For the three months up-to September 30, the maker of equipment used in transmission and management of electricity, reported total earnings of $9.9 Million, or 85 cents per share, a substantial rise from the $8.3 Million, or 72 cents a share, worth of profit posted for the same period last year.

Revenue, although, did record a 1.2% fall to $165.3 Million, but it was still higher than expected.

The figures have managed to beat the estimate pegged by analysts by a large margin, which stood at earnings of 66 cents a share on revenue of $159 Million.

While announcing the successful profit report, President and Chief Executive Patrick L. McDonald did assert that the firm is entering the new fiscal year with "a lower backlog and economic uncertainties that continue to influence project opportunities".

Outlook for the coming financial year will be discussed by the company on December 16, the same day that the PowerComm deal is scheduled to close.