Tower International (TOWR) Posts Surprise Q3 Profit; Increases FY11 Adj.-EBITDA Outlook
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Tower International (NYSE: TOWR) reported Q3 EPS of $0.03, $0.22 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $589 million versus the consensus estimate of $534.68 million.
Tower is further increasing its outlook for full year 2011 Adjusted EBITDA to a range of $225 to $230 million, up from the prior outlook of $215 to $225 million.
Tower is further increasing its outlook for full year 2011 Adjusted EBITDA to a range of $225 to $230 million, up from the prior outlook of $215 to $225 million.
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