Astec Industries Q2 Adj $0.61 Misses $0.69 Estimate, Sales $345.50M Beat $332.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Astec Industries (NASDAQ:ASTE) reported Q2 earnings of $0.61 per share, missing the analyst estimate of $0.68. However, sales of $345.50 million beat the estimate of $332.54 million.
August 07, 2024 | 11:09 am
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Astec Industries reported Q2 earnings of $0.61 per share, missing the analyst estimate of $0.68. Sales of $345.50 million beat the estimate of $332.54 million.
The mixed results, with earnings missing but sales beating estimates, create a neutral short-term impact. Investors may be concerned about the earnings miss but reassured by the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100