ARC Group Worldwide (ARCW) Misses Q2 EPS by 4c

ARC Group Worldwide (NASDAQ: ARCW) reported Q2 EPS of $0.00, $0.04 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $27.1 million versus the consensus estimate of $29.66 million.

Jason Young, Chairman and CEO, commented, "ARC remains in a transitional phase following our acquisitive prior fiscal year, and while we have faced modest short term weakness due to the slowdown in the firearms market, we remain optimistic about the long term prospects of our approach to advanced manufacturing through the strategic combination of additive and subtractive processes. We believe our platform is differentiated, and offers our customers unique and comprehensive solutions to their manufacturing needs. We also believe that as we fully integrate our offerings, we will be able to improve our margins and expand our revenue over time. In the short run, some of our efforts require investment and productivity improvements, but long-term we believe we are developing proprietary technology that will give our customers innovative and compelling advantages."

For earnings history and earnings-related data on ARC Group Worldwide (ARCW) click here.

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