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

RTTNews | 620 days ago
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
Swiss Market Settles Flat

Swiss Market Settles Flat

The Switzerland market opened on a slightly positive note Friday morning, but slipped into the red soon thereafter and then stayed weak right through the day's session, amid concerns about valuations of AI related stocks, and worries about the outlook for near term economic growth.
RTTNews | 1 day ago
European Markets Close Weak On Growth Worries, Tech Valuations Concerns

European Markets Close Weak On Growth Worries, Tech Valuations Concerns

European markets closed weak on Friday, with most of the markets extending losses from the previous session, as lingering concerns about high valuations in AI-related stocks and uncertainty about the outlook for economic growth due to the US government shutdown.
RTTNews | 1 day ago
TSX Slids To 1-month Low; Tech Stocks Under Pressure Again

TSX Slids To 1-month Low; Tech Stocks Under Pressure Again

The Canadian market is down firmly in negative territory a little before noon on Friday after strong jobs data raised the possibility of the Canadian central bank leaving interest rates unchanged at its next monetary policy meeting.
RTTNews | 1 day ago
U.S. Consumer Sentiment Drops To Near-Record Low In November

U.S. Consumer Sentiment Drops To Near-Record Low In November

Consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of November, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slid to 50.3 in November after falling to 53.6 in October. Economists had expected the index to edge down to 53.2.
RTTNews | 1 day ago
Commodity Prices, Jobs Data In Focus

Commodity Prices, Jobs Data In Focus

Lower Canadian and U.S. futures point to a negative start on Bay Street Friday morning, but fairly strong commodity prices could trigger some buying in resources stocks and limit market's downside.
RTTNews | 2 days ago
CAC 40 Down Nearly 0.5% In Lackluster Trade

CAC 40 Down Nearly 0.5% In Lackluster Trade

The French stock market's benchmark index CAC 40 is down in negative territory on Friday with investors largely refraining from making significant moves amid a lack of fresh triggers. Worries about growth amid uncertainty over future policy moves of central banks, and U.S. government's tariff policies appear to be rendering the mood cautious.
RTTNews | 2 days ago