Actuant crashes as outlook misses expectations despite results beat

Actuant Corporation (ATU) topped market estimates on sales and earnings for the fourth quarter of 2018. However, the earnings outlook for the full year of 2019 came in short of expectations sending the shares crashing over 8% during pre-market hours. The stock is currently down over 7%. The company posted a 9% increase in consolidated … Continue reading Actuant crashes as outlook misses expectations despite results beat