Altra Industrial Motion (NASDAQ:AIMC) reported its Q1 earnings results on Thursday, April 28, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Altra Industrial Motion beat estimated earnings by 28.17%, reporting an EPS of $0.91 versus an estimate of $0.71.

Revenue was up $39.60 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08 which was followed by a 1.63% drop in the share price the next day.

Here's a look at Altra Industrial Motion's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Altra Industrial Motion management provided guidance for FY 2022, expecting earnings between $3.22 and $3.37 per share.

To track all earnings releases for Altra Industrial Motion visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.