Actuant (ATU) Posts Q1 EPS of $0.36, Tops by 2c; Increases FY11 Outlook, Guides Q211

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Actuant (NYSE: ATU) reports Q1 EPS of $0.36, 2 cents better than the analyst estimate of $0.34. Revenue for the quarter was $318 million, which compares to the estimate of $317.81 million.

Increases revs outlook $1.225 - $1.275 to $1.375 - $1.425 billion and increased EPS range from $1.30 - $1.45 to $1.45 - $1.60. Consensus sees revs of $1.29 billion and an EPS of $1.43.

Sees Q211 sales of $325 - $335 million and an EPS of $0.25 - $0.30. Consensus sees revs of $304.78 million and an EPS of $0.31.

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