Actuant Corp. Q2 Earnings Retreat 31%

(RTTNews) - Actuant Corp. (ATU) announced a profit for second quarter that fell compared to the same period last year.

The company said its bottom line totaled $12.26 million, or $0.21 per share. This was down from $17.80 million, or $0.28 per share, in last year's second quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.5% to $263.29 million. This was down from $301.01 million last year.

Actuant Corp. earnings at a glance:

-Earnings (Q2): $12.26 Mln. vs. $17.80 Mln. last year. -Earnings Decline (Y-o-Y): -31.1% -EPS (Q2): $0.21 vs. $0.28 last year. -EPS Decline (Y-o-Y): -25.0% -Analysts Estimate: $0.18 -Revenue (Q2): $263.29 Mln vs. $301.01 Mln last year. -Revenue Change (Y-o-Y): -12.5%

-Guidance: Next quarter EPS guidance: $0.34 - $0.39 Next quarter revenue guidance: $290 - $300 Mln Full year EPS guidance: $1.25 - $1.35 Full year revenue guidance: $1.135 - $1.150 Bln