Corrected: BUZZ-AstroNova set for worst day in 19 yrs on weak Q2 results

AstroNova

28/08/2019 15:21

(Corrects to say '16-month low' in first bullet)
    ** Shares of test and measurement equipment maker  ALOT.O 
slide 23% to $15.61, hitting a more than 16-month low
    ** Co set for its worst day in about 19 yrs, if losses hold
    ** Q2 rev falls marginally, dragged down by test and
measurement, hardware units
    ** "In the test and measurement segment, the ripple effects
of the 737 MAX grounding had a more pronounced impact on revenue
and margin mix in the quarter than we had anticipated," says CEO
Greg Woods  urn:newsml:reuters.com:*:nBw5dNv8qa
    ** Net income in the quarter dragged down by ~20%
    ** ALOT among worst performers across U.S. exchanges
    ** Stock down ~15% this year, compared to ~23% gain in
Nasdaq Computer index  .IXK 

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com))