Enerpac: Fiscal Q2 Earnings Snapshot
MENOMONEE FALLS, Wis. (AP) _ Enerpac Tool Group Corp. (EPAC) on Wednesday reported fiscal second-quarter profit of $3.2 million.
The Menomonee Falls, Wisconsin-based company said it had profit of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 6 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The industrial products company posted revenue of $120.7 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $128.1 million.
Enerpac shares have increased 12% since the beginning of the year. The stock has climbed 66% in the last 12 months.