Apogee enterprises reports fiscal 2020 third quarter results

Apogee enterprises reports fiscal 2020 third quarter results.q3 earnings per share $0.57.q3 revenue $338 million versus refinitiv ibes estimate of $360.5 million.q3 earnings per share estimate $0.76 -- refinitiv ibes data.provides information on cost reductions and updates full-year guidance.sees full-year 2020 revenue flat to down 1 percent.apogee enterprises - has initiated actions to improve operational performance and reduce costs in architectural framing systems segment.apogee enterprises - cost reduction and performance improvement actions expected to generate annual savings of $30 to $40 million when fully implemented.apogee enterprises - adjusting guidance for 2020, reflecting lower than expected sales volumes in architectural framing systems & architectural glass.sees fy 2020 diluted earnings per share in range of $2.15 to $2.30.sees fy 2020 capital expenditures of approximately $55 million.fy2020 earnings per share view $3.04, revenue view $1.44 billion -- refinitiv ibes data.apogee enterprises - adjusting guidance for 2020 also due to operational difficulties in architectural framing systems in q3 & continued impact in q4.
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