Actuant Reports Third Quarter Results; Revises Fiscal 2017 Guidance
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Actuant (ATU) Misses Q3 EPS by 1c, Lowers FY EPS Guidance
June 21, 2017 8:01 AM EDTActuant (NYSE: ATU) reported Q3 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $295.4 million versus the consensus estimate of $294 million.
GUIDANCE:
Actuant sees FY2017 EPS of $0.82-$0.87, versus the consensus of $0.99. FY revenue is seen at $1.08 billion to $1.09 billion vs estimate of $1.09 billion.
Baker continued, As we enter the final quarter of the fiscal year, we remain confident in our strategies and execution on growth initiatives. We are encouraged by the progress across the organization in sales effectiveness and lean... More