Actuant Reports Second Quarter Results; Updates Fiscal 2016 Guidance

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

March 16, 2016 8:03 AM EDT

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... More