A123 Systems (AONE) Cuts FY11 Revs Outlook Due to 'Unanticipated Developments'
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A123 Systems, Inc. (Nasdaq: AONE), revised revenue guidance range for the full year 2011 due to unanticipated developments that will impact fourth quarter revenue.
A123 now projects that 2011 revenue will be in the range of $165 million to $180 million, which would represent 70 percent to 85 percent revenue growth from 2010.
A123's previous 2011 revenue guidance range was $210 million to $225 million. The reduction in full-year revenue guidance will be reflected principally in the fourth quarter.
The Street is currently looking for revs of $202.21 million.
A123 now projects that 2011 revenue will be in the range of $165 million to $180 million, which would represent 70 percent to 85 percent revenue growth from 2010.
A123's previous 2011 revenue guidance range was $210 million to $225 million. The reduction in full-year revenue guidance will be reflected principally in the fourth quarter.
The Street is currently looking for revs of $202.21 million.
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