Actuant (ATU -0.2%) posts a lackluster performance today, as its FQ3 beat across the board but...

|About: Actuant Corporation (ATU)|By:, SA News Editor

Actuant (ATU -0.2%) posts a lackluster performance today, as its FQ3 beat across the board but net profit swung into the red on a $150M write-down tied to its electrical segment. The company recently put the unit up for sale, reclassifying it as a discontinued operation as it looks to focus its growth efforts on the energy, infrastructure, farm productivity, and natural resources and sustainability areas. Sales edged up 0.3% to $344.2M, but gross margin fell to 39.8% from 40.4%.