Apogee (APOG) Tops Q2 EPS View; Expects FY10 Revenues To Be Down
More News related to APOG
- Apogee Enterprises (APOG) Declares $0.0815 Dividend, 2.2% Yield
- Apogee Enterprises Declares Quarterly Cash Dividend
- Piper Jaffray Reiterates an Underweight on Apogee Enterprises (APOG); Mgmt Execution Good, But Sees Late Cycle Turnaround
- Apogee (APOG) Tops Q2 EPS View; Expects FY10 Revenues To Be Down
- Trading Radar for 9/16: Oracle (ORCL), CKE Restaurants (CKR), CLARCOR (CLC), Dress Barn (DBRN) Report; CPI, Industrial Production, Crude Inventories Due
More News related to Earnings
- Waterside Capital (WSCC) Reports a Quarterly Loss
- Ship Finance (SFL) Posts Q3 adj.-EPS of $0.47, Misses Estimates
- Frontline (FRO) Posts Q3 Loss of $0.07, Beats Street by 5c
Apogee (Nasdaq: APOG) reports Q2 EPS of $0.46 adjusted versus the analyst estimate of $0.24. Revenue for the quarter was $187.4 million, which compares to the estimate of $186.29 million.
For FY10, it expects a mid-single digit operating margin on revenues that we anticipate will be down 20 to 25 percent as project timing for new orders has shifted into fiscal 2011. We had previously anticipated fiscal 2010 revenues would decline at least 15 percent." He added that the large-scale optical segment is expected to continue converting customers to higher value-added products.
Related Categories
EarningsGuidance
Stocks Mentioned
-0.26Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
