Valence Technology, Inc. (VLNC) Misses Q2 EPS by 1c; Guides Q3 Revs Below Consensus

November 8, 2011 4:01 PM EST
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Price: $0.65 --0%

Financial Fact:
Net loss: -2.66M

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Valence Technology, Inc. (NASDAQ: VLNC) reported Q2 EPS of ($0.03), $0.01 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $8.46 million versus the consensus estimate of $19 million.

Sees Q3 2011 revenue of $8.5-$9.0 million, versus the consensus of $20 million.


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