Brief: Astronova Q2 Earnings Per Share $0.13

AstroNova

28/08/2019 12:54

Aug 28 (Reuters) - AstroNova Inc  ALOT.O :
    * ASTRONOVA ANNOUNCES FINANCIAL RESULTS FOR THE SECOND
QUARTER OF
FISCAL 2020
    * Q2 EARNINGS PER SHARE $0.13
    * Q2 REVENUE FELL 1 PERCENT TO $33.5 MILLION
    * QTRLY BOOKINGS OF $29.1 MILLION
    * CONTINUE TO HAVE A POSITIVE LONG-TERM OUTLOOK FOR OUR
BUSINESS
AND MAINTAIN OUR EXPECTATION FOR MODEST REVENUE GROWTH IN FISCAL
2020
    * ASTRONOVA - IN TEST & MEASUREMENT SEGMENT, RIPPLE EFFECTS
OF 737
MAX GROUNDING HAD MORE PRONOUNCED IMPACT ON REVENUE, MARGIN MIX
IN QUARTER THAN WE HAD ANTICIPATED
    * BACKLOG AT AUGUST 2, 2019 WAS $22.3 MILLION, COMPARED WITH
$24.5
MILLION AT END OF FISCAL 2019 Q2.
    * HEADWINDS WE EXPERIENCED IN Q2 ARE LIKELY TO TEMPER OUR
REVENUE
AND MARGIN PERFORMANCE IN NEAR-TERM

Source text for Eikon:  ID:nBw5dNv8qa 
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