Astec Industries Q4 Income Declines

(RTTNews) - Astec Industries (ASTE) released earnings for fourth quarter that fell from last year.

The company said its profit totaled $10.92 million, or $0.47 per share. This was down from $12.39 million, or $0.53 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.3% to $312.37 million. This was down from $326.56 million last year.

Astec Industries earnings at a glance:

-Earnings (Q4): $10.92 Mln. vs. $12.39 Mln. last year. -Earnings Decline (Y-o-Y): -11.9% -EPS (Q4): $0.47 vs. $0.53 last year. -EPS Decline (Y-o-Y): -11.3% -Analysts Estimate: $0.44 -Revenue (Q4): $312.37 Mln vs. $326.56 Mln last year. -Revenue Change (Y-o-Y): -4.3%