Trimas Corporation (TRS) Tops Q3 EPS by 2c, Tweaks FY11 Guidance
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Trimas Corporation (NASDAQ: TRS) reported Q3 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. Revenue for the quarter came in at $277.7 million versus the consensus estimate of $279.13 million.
Trimas Corporation sees FY2011 EPS of $1.52-$1.57, versus the consensus of $1.61. The Company also raised its 2011 sales outlook from an increase of 13% to 16% to a range of 16% to 17% compared to 2010.
For FY11, total net income per share is expected to be between $1.65 and $1.70 per share, within the high end of the previously provided 2011 EPS guidance range of between $1.60 and $1.70 per share.
Trimas Corporation sees FY2011 EPS of $1.52-$1.57, versus the consensus of $1.61. The Company also raised its 2011 sales outlook from an increase of 13% to 16% to a range of 16% to 17% compared to 2010.
For FY11, total net income per share is expected to be between $1.65 and $1.70 per share, within the high end of the previously provided 2011 EPS guidance range of between $1.60 and $1.70 per share.
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