Astec Industries Q4 Adj. EPS Tops Estimates, But Net Sales Miss

RTTNews | vor 615 Tagen
Astec Industries Q4 Adj. EPS Tops Estimates, But Net Sales Miss

(RTTNews) - Astec Industries, Inc. (ASTE) on Wednesday reported a net income for the fourth quarter of $14.9 million or $0.65 per share, compared to a net loss of $1.0 million or $0.04 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter were $0.90 per share, compared to $0.34 per share in the year-ago quarter.

Net sales for the quarter grew 3.6 percent to $337.2 million from $249.9 million in the same quarter last year.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share on revenues of $347.29 million for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Uber Q3 Profit Surges On Higher Trips, Sees Growth In Q4; But Stock Drops

Uber Q3 Profit Surges On Higher Trips, Sees Growth In Q4; But Stock Drops

Uber Technologies, Inc. reported Tuesday significantly higher profit in its third quarter as revenues beat market estimates, benefited by strong growth in trips. Bookings also were higher than last year, and the ride-hailing and food delivery company issued fourth-quarter outlook, expecting a growth. Meanwhile, the shares were losing around 5 percent in the pre-market activity.
RTTNews | vor 1Std 11 Minuten
FTSE 100 Drifts Lower; Miners Among Notable Losers

FTSE 100 Drifts Lower; Miners Among Notable Losers

The U.K. market is down in negative territory on Monday, weighed down by losses in the mining sector. The mood remains quite cautious amid concerns about global economic growth as several central banks, including the Federal Reserve and the European Central Bank signaling that further interest rate cuts are unlikely in the coming months.
RTTNews | vor 2Std 2 Minuten
CAC 40 Drops To 3-week Low On Widespread Selling

CAC 40 Drops To 3-week Low On Widespread Selling

France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.
RTTNews | vor 2Std 27 Minuten
DAX Down Sharply As Stocks Tumble On Growth Worries

DAX Down Sharply As Stocks Tumble On Growth Worries

The German market is down sharply in negative territory on Tuesday with stocks from across several sectors reeling under pressure as investors react to mixed earnings updates, and weak U.S. manufacturing data and hawkish comments from some Fed officials.
RTTNews | vor 3Std 9 Minuten
Indian Rupee Rises To 5-day High Against U.S. Dollar

Indian Rupee Rises To 5-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the Asian session on Tuesday, in anticipation that the Reserve Bank of India (RBI) has intervened in the currency market to boost the Indian Rupee.
RTTNews | vor 3Std 49 Minuten
Commodity Currency's Slide Amid Risk-Off Sentiment

Commodity Currency's Slide Amid Risk-Off Sentiment

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Tuesday, as Asian stocks traded lower as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
RTTNews | vor 4Std 15 Minuten
European Shares Decline Amid Risk-off Sentiment

European Shares Decline Amid Risk-off Sentiment

European stocks were sharply lower on Tuesday as mixed earnings, weak U.S. manufacturing data and cautious comments from Federal Reserve officials over the path of interest rates soured investors' appetite for riskier assets.
RTTNews | vor 4Std 56 Minuten