News

(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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.