American vanguard says its qtrly net sales to be about $123 mln, up 10%

American vanguard’s quarterly net sales improve year-over-year, but fall short of consensus estimates.sees fy 2019 sales about $480 million.q3 revenue $123 million versus refinitiv ibes estimate of $140.4 million.expects that quarterly earnings per share are likely to be less than half of consensus estimate.recorded strong growth from our international businesses, driven by canada and brazil in quarter."as for our 2020 outlook, we see many countervailing factors that could affect our markets.".american vanguard - shortened growing season, likelihood of impending frost could lead to lower yield & increased demand for crops such as corn in 2020.american vanguard - change in top line performance, lower factory absorption, higher operating expenses will adversely affect q3 net income.american vanguard - other previously forecasted financial metrics relating to 2019 remain unchanged.
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