Nortek (NTK) Posts Q3 GAAP loss of 90c/Share

Nortek (NASDAQ: NTK) reported Q3 EPS of ($0.90), $1.42 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $618.5 million versus the consensus estimate of $654.1 million.

Adjusted operating earnings* were $39.2 million, compared with $44.4 million in the third quarter of 2014. Adjusted operating margin was 6.3%, compared with 6.9% in the prior-year period. Excluding acquisitions, divestitures and the impact of foreign exchange translation, adjusted operating earnings were $41.3 million, compared with $45.6 million in the third quarter of 2014.

For earnings history and earnings-related data on Nortek (NTK) click here.

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