AGT Food and Ingredients Reports Q3 Earnings Miss on Lower Revenue
AGT Food and Ingredients Inc. reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of $0.18, missing estimates by $0.05. Total revenue for the quarter reached $622.01 million, representing a 4.9% year-over-year decline and falling $35.39 million below anticipated levels. Despite the top-line miss, the company showed strength in its margins. Gross profit, which includes net monetary gains, rose 11.56% to $90.41 million, while adjusted gross profit saw an increase of 11.65% to $80.14 million.
