Astec Industries Reports Third Quarter 2019 Results

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Astec Industries (ASTE) Misses Q3 EPS by 7c

October 29, 2019 7:14 AM EDT

Astec Industries (NASDAQ: ASTE) reported Q3 EPS of $0.17, $0.07 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $255.8 million versus the consensus estimate of $259.55 million.

Backlog as of September 30, 2019 was $243.9 million, a decrease of $64.7 million or 21.0% compared to the September 30,... More