BTU International (BTUI) Tops Q3 EPS by 4c, Guides Below for Q4
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BTU International (Nasdaq: BTUI) reports Q3 EPS of $0.07, 4 cents better than the analyst estimate of $0.03. Revenue for the quarter was $20.6 million, versus the consensus of $20.28 million.
“Given the current challenging macroeconomic environment, we expect a slowdown in equipment spending especially in the electronics industry starting now and running through at least the first half of 2009. Although the outlook is clouded, we expect to see increased business in the solar equipment market. The slowdown, coupled with some push outs in equipment deliveries, will impact this year’s fourth quarter, and we expect to see revenues down by approximately 20 percent from the preceding quarter with a small loss in the $0.03-$0.09 per share range." (consensus is $0.03)
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