CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Astec Industries Inc. (ASTE) on Wednesday reported a loss of $6.2 million in its third quarter.
On a per-share basis, the Chattanooga, Tennessee-based company said it had a loss of 27 cents. Earnings, adjusted for non-recurring costs, were 31 cents per share.
The maker of equipment for building, paving and mining posted revenue of $291.4 million in the period.
Astec Industries shares have dropped 11% since the beginning of the year. The stock has increased roughly 6% in the last 12 months.
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