Zoom Tech. (ZOOM) Reports Q3 Results; Cuts FY11 Sales Outlook, Guides FY12 Well Below the Street
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Zoom Tech. (Nasdaq: ZOOM) reports Q3 sales of $50.7 million, which compares to the Street estimate of $99.72 million. Net income for the quarter was $1.76 million.
Lowers its FY11 sales guidance to $250-$255 million, net income to $7.5-$8.6 million. Street currently looking for sales of $331.28 million.
Sees FY12 sales $360-$380 million, vs. the consensus of $403.9 million. Sees net income of $12-$13 million.
Lowers its FY11 sales guidance to $250-$255 million, net income to $7.5-$8.6 million. Street currently looking for sales of $331.28 million.
Sees FY12 sales $360-$380 million, vs. the consensus of $403.9 million. Sees net income of $12-$13 million.
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