Astec Industries Q3 2023 Adj EPS $(0.01) Misses $0.62 Estimate, Sales $303.10M Miss $332.77M Estimate
Portfolio Pulse from totan@benzinga.com
Astec Industries reported Q3 2023 losses of $(0.01) per share, missing the analyst consensus estimate of $0.62 by 101.61%. This is a 103.57% decrease from the same period last year. The company also reported quarterly sales of $303.10 million, missing the analyst consensus estimate of $332.77 million by 8.92%. This is a 3.84% decrease from the same period last year.
November 01, 2023 | 11:09 am
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Astec Industries reported a significant miss in both earnings per share and sales for Q3 2023, which could negatively impact the stock in the short term.
Astec Industries reported a significant miss in both earnings per share and sales for Q3 2023. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
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