Astec Industries Q2 Adj. EPS $0.87 Beats $0.59 Estimate, Sales $350.00M Beat $348.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Astec Industries reported Q2 earnings of $0.87 per share, beating the analyst consensus estimate of $0.59 by 47.46%. This is a 357.89% increase over earnings of $0.19 per share from the same period last year. The company also reported quarterly sales of $350.00 million, beating the analyst consensus estimate of $348.08 million by 0.55%. This is a 9.99% increase over sales of $318.20 million the same period last year.
August 04, 2023 | 10:55 am
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POSITIVE IMPACT
Astec Industries reported strong Q2 earnings and sales, both beating analyst estimates. This could potentially lead to a positive short-term impact on the company's stock.
Astec Industries reported a significant increase in Q2 earnings and sales compared to the same period last year, and both figures beat analyst estimates. This positive financial performance could increase investor confidence and potentially lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100