(RTTNews) - Apogee Enterprises (APOG) said it now expects full-year adjusted EPS will be at the bottom of its guidance range of $4.90 to $5.20. The company now expects full-year net sales to decline approximately 5%.
Third quarter earnings per share was $0.96, compared to $1.23, a year ago. Adjusted EPS decreased to $1.19, primarily driven by lower adjusted operating income. Analysts on average had expected the company to earn $1.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. Net sales increased 0.5% to $341.3 million.
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