Advanced Drainage Systems (WMS) Misses Q3 Earnings Estimates

Advanced Drainage Systems (WMS) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of$ 1.17 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.84%. A quarter ago, it was expected that this maker of water drainage systems and pipes would post earnings of$ 1.93 per share when it actually produced earnings of $1.70, delivering a surprise of -11.9 ...