Astec Industries Q1 Earnings Advance

(RTTNews) - Astec Industries (ASTE) released a profit for its first quarter that increased from last year.

The company's earnings came in at $20.3 million, or $0.87 per share. This compares with $15.1 million, or $0.65 per share, in last year's first quarter.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $325.45 million from $318.40 million last year.

Astec Industries earnings at a glance:

-Earnings (Q1): $20.3 Mln. vs. $15.1 Mln. last year. -EPS (Q1): $0.87 vs. $0.65 last year. -Analysts Estimate: $0.88 -Revenue (Q1): $325.45 Mln vs. $318.40 Mln last year.