Mistras Group (MG) Misses Q3 EPS by 4c

Mistras Group (NYSE: MG) reported Q3 EPS of $0.06, $0.04 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $163.1 million versus the consensus estimate of $168.77 million.

Uncertainty concerning the price of oil has caused a significant change in customer sentiment that is causing many companies to reevaluate spending levels and the timing of projects. Based upon these factors, the Company now expects that its revenue levels for fiscal year 2015 will fall at the low end of its $720 million to $740 million range, and that its EBITDA level may fall somewhat short of its $78 to $84 million range.

For earnings history and earnings-related data on Mistras Group (MG) click here.

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