Altra Industrial Motion Corp. (NASDAQ:AIMC) revealed its second quarter earnings results on Friday 24th July 2020 before market open.
Altra Industrial Motion Corp. revealed quarterly income of $ 0.34 per share, from the revenue of $ 400.80 million. On adjusted basis, the firm reported income for the quarter of $ 0.60 per share.
The consensus estimate are $ 0.31 income per share from revenues of $ 368.01 million.
The second quarter financial report outlined, earnings beat street analysts by $ 0.29 or 93.55 percent, where as revenues outshined analysts estimates by $ 32.79 million or 8.91 percent.
On the other hand, The quarterly earnings shrunk 24.44 percent compared with the same quarter last year, at the same time revenues fell 14.08 percent versus second quarter of last year.
Moving forward, AIMC updated revenue outlook for 2020 to a range of $ 1580.00 million ~ $ 1640.00 million, At the same time, earnings estimate in a range of $ 2.05 ~ $ 2.30 per share.
The consensus estimates for 2020 are income of $ 1.84 per share from $ 1574.14 million in revenue.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
