Enerpac slumps after Q4 earnings misses estimates

Enerpac Tool

30/09/2020 15:43

Sept 30 (Reuters) -    ** Shares of industrial tools and
services provider  EPAC.N  declines ~10% to $17.92 in morning
trading
    ** Stock is set for its worst session in over six months
after posting Q4 results
    ** Co posts Q4 sales of $111.4 mln and profit of $0.02 per
share, both missing Wall Street expectations for the third
consecutive quarter  urn:newsml:reuters.com:*:nBw95YSQja
    ** Stock has fallen ~30% so far this year

 (Reporting by Supriya Rangarajan in Bengaluru)
 ((SupriyaR1@thomsonreuters.com; +1 646 223 8780;))