Advanced Drainage Systems (WMS) Misses Q2 Earnings and Revenue Estimates

Advanced Drainage Systems (WMS) came out with quarterly earnings of $1.70 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.92%. A quarter ago, it was expected that this maker of water drainage systems and pipes would post earnings of $1.98 per share when it actually produced earnings of $2.06, delivering a surprise of 4.04 ...