Materion (MTRN) Tops Q3 EPS by 1c; Cuts FY11 EPS Outlook
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Materion (NYSE: MTRN) reported Q3 EPS of $0.65, $0.01 better than the analyst estimate of $0.64. Revenue for the quarter came in at $392.8 million versus the consensus estimate of $406.63 million.
Materion sees FY2011 EPS of $2.10-$2.20, versus prior guidance of $2.35-$2.60 and the consensus of $2.40. This reduction includes approximately $0.15 to $0.20 per share, in the aggregate, of additional costs associated with the plant start-up and the acquisition.
Materion sees FY2011 revenue of $1.56-$1.58 billion, versus the consensus of $1.59 billion.
Materion sees FY2011 EPS of $2.10-$2.20, versus prior guidance of $2.35-$2.60 and the consensus of $2.40. This reduction includes approximately $0.15 to $0.20 per share, in the aggregate, of additional costs associated with the plant start-up and the acquisition.
Materion sees FY2011 revenue of $1.56-$1.58 billion, versus the consensus of $1.59 billion.
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