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American Vanguard beats 2Q profit forecasts

NEWPORT BEACH, Calif. (AP) _ American Vanguard Corp. (AVD) on Monday reported second-quarter earnings of $4.3 million.

The Newport Beach, California-based company said it had profit of 15 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The agricultural products company posted revenue of $77.9 million in the period.

American Vanguard shares have decreased almost 8 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.70, a climb of 19 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVD at https://www.zacks.com/ap/AVD


Keywords: American Vanguard, Earnings Report