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Provider: Thomson Reuters Stock Report
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Actuant Corp Issues Q3 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance

Wednesday, 20 Mar 2013 08:00am EDT 

Actuant Corp announced that for third quarter of 2013, it expects sales to be in the $410-$420 million range. EPS is expected to be in the $0.63-$0.68 range compared to $0.60 in the prior year, with continued cost reduction actions and a lower than full year average income tax rate incorporated into the guidance. The Company revised fiscal 2013 guidance and expects sales and earnings per share (EPS) to a range between $1.575-$1.600 billion and $2.15-$2.25. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $441 million and EPS of $0.67 for third quarter of 2013; revenue of $1.6 billion and EPS of $2.18 for fiscal 2013. 

Company Quote

0.03 +0.11%
24 Dec 2014