Actuant Corp. Profit Retreats 33% In Q4

(RTTNews) - Actuant Corp. (ATU) revealed earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit fell to $22.08 million, or $0.37 per share. This was down from $32.77 million, or $0.47 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.2% to $300.38 million. This was down from $354.35 million last year.

Actuant Corp. earnings at a glance:

-Earnings (Q4): $22.08 Mln. vs. $32.77 Mln. last year.
-Earnings Decline (Y-o-Y): -32.6%
-EPS (Q4): $0.37 vs. $0.47 last year.
-EPS Decline (Y-o-Y): -21.3%
-Analysts Estimate: $0.29
-Revenue (Q4): $300.38 Mln vs. $354.35 Mln last year.
-Revenue Change (Y-o-Y): -15.2%

-Guidance:

Full year EPS guidance: $1.20 - $1.40
Full year revenue guidance: $1.16 - $1.20 Bln