Altra Industrial Motion: Q2 Earnings Insights

Altra Industrial Motion AIMC reported its Q2 earnings results on Thursday, July 28, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Altra Industrial Motion reported in-line EPS of $0.84 versus an estimate of $0.84.

Revenue was up $9.50 million from the same period last year.

Last quarter the company beat on EPS by $0.2 which was followed by a 2.13% drop in the share price the next day.

Here's a look at Altra Industrial Motion's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.71	0.75	0.81	0.81
EPS Actual	0.91	0.67	0.80	0.89
Revenue Estimate	490.04M	461.47M	470.98M	467.96M
Revenue Actual	511.70M	469.80M	469.30M	488.60M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Altra Industrial Motion management provided guidance for FY 2022, expecting earnings between $3.22 and $3.37 per share.

To track all earnings releases for Altra Industrial Motion visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.