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Astec Industries (ASTE) Has Tumbled To A New Low After Q3 Miss

Astec Industries (ASTE) reported third quarter EPS of $0.30 Tuesday morning, which fell short of the consensus estimate of $0.59. Revenues came in at $256.61 million, which was short of street expectations of $276.8 million.

Astec Industries gapped open lower this morning and has dropped sharply in early trade. Shares are now down 8.27 at $39.00 on above average volume. The stock has plunged to a new low for the year.

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