Actuant (ATU) Tops Q2 EPS by 3c; Updates FY16 Outlook

Actuant (NYSE: ATU) reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $263 million versus the consensus estimate of $267.64 million.

GUIDANCE:

Actuant sees FY2016 EPS of $1.25-$1.35, versus prior guidance of $1.25-$1.40 and the consensus of $1.19. Actuant sees FY2016 revenue of $1.135-1.150 billion, versus the consensus of $1.16 billion.

For earnings history and earnings-related data on Actuant (ATU) click here.

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