Enerpac Tool Group Corp: Falls after Q2 miss

Enerpac Tool

24/03/2021 16:11

** Shares of industrial tools and services provider  EPAC.N 
fall 1.6% to $24.83
    ** Co's Q2 net sales fall 9.5% to $120.7 mln vs analysts'
estimate of $126.1 mln, according to Refinitiv data
    ** Co posts adj. EPS from continuing operations of 6 cents,
while analysts had expected 12 cents
    ** For H2 FY21, co expects sales to be in the range of $280
mln to $290 mln 
    ** We expect to return to pre-COVID run rates as we exit the
fiscal year- CEO
    ** YTD, stock up 10%

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))