Advanced Drainage Systems (WMS) Q4 Earnings and Revenues Miss Estimates

Advanced Drainage Systems (WMS) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.50%. A quarter ago, it was expected that this maker of water drainage systems and pipes would post earnings of $1.17 per share when it actually produced earnings of $1.09, delivering a surprise of -6.84 ...