Aug. 18 at 6:33 PM
$AP plunges 13.8% post-earnings — too much uncertainty or a buying opportunity? 📉
- Q2 net loss of
$7.3M due to
$6.8M in restructuring charges
- Revenue up 1.9% but margins hit by weaker roll demand
- CEO sees restructuring boosting operating income by
$5M annually
Discover if AP’s long-term fundamentals can turn the tide 👉 https://www.zacks.com/stock/news/2731102/ampco-pittsburgh-stock-down-following-weak-q2-earnings?cid=sm-stocktwits-2-2731102-body-8224&ADID=SYND_STOCKTWITS_TWEET_2_2731102_BODY_8224