UPDATE: Actuant (ATU) Tops Q3 EPS by 3c; Guides Q4 Below Views

(Updated - June 22, 2016 8:05 AM EDT)

Actuant (NYSE: ATU) reported Q3 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $305.3 million versus the consensus estimate of $294.2 million.

Consolidated sales were 5% below the comparable prior year quarter, including a positive 2% impact from acquisitions offset by a 1% decline from the stronger US dollar. Core sales declined 6% on a year-over-year basis (total sales excluding the impact of acquisitions, divestitures and foreign currency exchange rates).

Guidance:

Actuant sees Q4 sales of $270 - $280 million and EPS of $0.28 - $0.33. Consensus estimates call for sales of $282.9 million and EPS of $0.36.

Updated full year sales and adjusted EPS guidance, now expected to be approximately $1.150 billion and $1.20-1.25 per share, respectively (excluding impairment and restructuring charges). The Street sees FY16 revenue of $1.14 billion and EPS of $1.25.

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

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