Recap: Altra Industrial Motion Q1 Earnings
Portfolio Pulse from Benzinga Insights
Altra Industrial Motion (NASDAQ:AIMC) reported strong Q1 earnings with EPS up 32.31% to $0.86, beating estimates. Revenue increased by 8.73% to $472.1 million, also surpassing expectations. The company projects fiscal year EPS between $3.09 and $3.24, and revenue between $1.82 billion and $1.85 billion.
April 29, 2021 | 11:30 am
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Altra Industrial Motion reported a strong Q1 with EPS and revenue beating estimates. The company's positive outlook for the fiscal year suggests continued growth.
The company's Q1 earnings exceeded expectations, with significant year-over-year growth in both EPS and revenue. The positive outlook for the fiscal year further supports a likely positive impact on the stock price.
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