Powell Industries (POWL) to Restate Q2, Q3 Results; Guides FY11 EPS Below the Street
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Price: $197.67 +0.14%
Financial Fact:
Amortization of intangible assets: 89K
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Amortization of intangible assets: 89K
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Powell Industries (Nasdaq: POWL) said it will restate both its second and third quarter earnings. The company cited accounting errors at Powell Canada.
The company said it expects its nine-month profit to be reduced by about 23 cents per share.
Now sees FY11 adj-EPS of 51-56c, on sales of $560 million. The Street is currently looking for FY11 EPS of $1.07 on sales of $554.5 million.
The company said it expects its nine-month profit to be reduced by about 23 cents per share.
Now sees FY11 adj-EPS of 51-56c, on sales of $560 million. The Street is currently looking for FY11 EPS of $1.07 on sales of $554.5 million.
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