BMP Sunstone (BJGP) Reports In-line Results for Q3; Guides Below for FY Revenues

November 9, 2009 4:29 PM EST

BMP Sunstone Corporation (NASDAQ: BJGP) reports Q3 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter was $33.6 million, which compares to the estimate of $36.67 million.

Due to slower than expected growth rates in the second quarter of 2009, today BMP Sunstone is adjusting revenue, adjusted EBITDA and non-GAAP net income guidance for the fiscal year 2009. The Company now expects revenue to reach $140 million to $150 million, adjusted EBITDA to reach $12 million to $13 million, and non-GAAP net income to reach $6 million to $7 million. (FY revenue consensus is $154.19M)

Today's revisited guidance is down from previous full year expectations of $150 million to $160 million in revenue, $16 million to $18 million in adjusted EBITDA, and $9 million to $11 million in non-GAAP net income.

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