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Stock impact report

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Astec Industries, Inc. - ASTE

Astec Industries, Inc. (ASTE) 
Last astec industries, inc. earnings: 3/3 07:57 pm Check Earnings Report
US:NASDAQ Investor Relations: astecindustries.com/investor-relations.html
Company Research Source: GlobeNewswire
NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Astec Industries, Inc. (“Astec” or the “Company”) (NASDAQ: ASTE).   Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Astec and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On November 1, 2023, Astec announced disappointing results for its third quarter (“Q3”) of 2023, including a non-GAAP loss-per-share of $0.01, missing consensus estimates by $0.63, and revenue of $303.1 million, missing consensus estimates by $29.67 million and representing a 3.8% year-over-year decline.  Astec disclosed that its disappointing Q3 earnings performance was “largely due to a litigation loss contingency of $6.4 million involving equipment sold in 2017 [that] negatively Show less Read more
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