AstroNova Announces Financial Results for the First Quarter of Fiscal 2021
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AstroNova (ALOT) Tops Q1 EPS by 25c, Revenues Beat
June 11, 2020 7:31 AM EDTAstroNova (NASDAQ: ALOT) reported Q1 EPS of $0.06, $0.25 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $30.9 million versus the consensus estimate of $29.75 million.
CEO Commentary
Our performance improved from the fourth quarter of fiscal 2020 due to actions taken that reduced costs and realigned priorities. However, the broad economic disruption caused by the COVID-19 pandemic added additional constraints and weighed on our first-quarter financial performance, said Greg Woods, AstroNovas President and Chief Executive Officer. The pandemic impact has been particularly acute in the Aerospace portion of our Test & Measurement segment.... More
