Actuant posts Q4 revenues below the Street, guides for FY09 revenues below consensus view
Industrial company Actuant Corp. (NYSE: ATU) this morning posted fiscal fourth-quarter revenues that missed the consensus view, while the company met on earnings for the quarter. The picture painted by the company going forward was disconcerting as well, as Actuant guided for fiscal 2009 revenues below the Street with earnings below to above analysts’ estimates. Management anticipated 2009 to be a “challenging year” in light of the tough economic environment, tight credit and a strengthening U.S. dollar.
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