JPMorgan Downgrades Actuant (ATU) to Underweight

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

June 22, 2016 8:01 AM EDT

(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,... More