Astec Industries Profit Drops In Q2

(RTTNews) - Astec Industries (ASTE) revealed earnings for second quarter that Drops, from the same period last year

The company's bottom line totaled $10.5 million, or $0.45 per share. This compares with $16.7 million, or $0.72 per share, last year.

Excluding items, Astec Industries reported adjusted earnings of $21.8 million or $0.94 per share for the period.

The company's revenue for the period rose 23.6% to $408.1 million from $330.3 million last year.

Astec Industries earnings at a glance (GAAP) :

-Earnings: $10.5 Mln. vs. $16.7 Mln. last year. -EPS: $0.45 vs. $0.72 last year. -Revenue: $408.1 Mln vs. $330.3 Mln last year.