Advanced Drainage Systems Inc. Q3 Income Retreats 30%

(RTTNews) - Advanced Drainage Systems Inc. (WMS) released a profit for third quarter that dropped compared to the same period last year.

The company said its earnings dropped to $11.38 million, or $0.16 per share. This was down from $16.26 million, or $0.22 per share, in last year's third quarter.

The company said revenue for the quarter fell 5.8% to $294.72 million. This was down from $312.83 million last year.

Advanced Drainage Systems Inc. earnings at a glance:

-Earnings (Q3): $11.38 Mln. vs. $16.26 Mln. last year. -Earnings Decline (Y-o-Y): -30.0% -EPS (Q3): $0.16 vs. $0.22 last year. -EPS Decline (Y-o-Y): -27.3% -Revenue (Q3): $294.72 Mln vs. $312.83 Mln last year. -Revenue Change (Y-o-Y): -5.8%

-Guidance: Full year revenue guidance: $1.225 - $1.250 Bln