UPDATE: Actuant Posts Upbeat FQ4 Profit

Actuant

posted a loss in the fiscal fourth quarter. For the current quarter, Actuant expects earnings of $0.48 to $0.52 per share on revenue of $390 million to $395 million. However, analysts were expecting earnings of $0.52 per share on revenue of $404 million. Actuant posted a quarterly loss of $16.5 million, or $0.23 per share, versus a year-ago profit of $41.4 million, or $0.55 per share. Excluding one-time items, Actuant's earnings from continuing operations came in at $0.55 per share. Its revenue rose 0.5% to $405.3 million. However, analysts were expecting earnings of $0.54 per share on revenue of $410 million. Actuant's gross margin rose to 38.8% from 38.4%. Actuant shares dropped 0.84% to $29.60 in pre-market trading.