IRIS International (IRIS) Offers 2012 Outlook Below Expectations
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IRIS International, Inc. (Nasdaq: IRIS) is announcing preliminary 2012 guidance at a meeting for investors and analysts on Friday, December 2, 2011 from 8:00am to 10:30am Eastern time, at the New York Athletic Club located at 180 Central Park South in New York, New York.
The Company is providing 2012 revenue guidance in a range of to $127 million - $131 million and GAAP EPS of $0.30 - $0.35, which includes the sales and marketing expense of a focused direct sales effort for ProsVue. The Company expects research and development expense to represent 15% to 16% of revenue in 2012. The Street is forecasting earnings of $0.39 per share on $128.9 million in sales for the year.
The Company is providing 2012 revenue guidance in a range of to $127 million - $131 million and GAAP EPS of $0.30 - $0.35, which includes the sales and marketing expense of a focused direct sales effort for ProsVue. The Company expects research and development expense to represent 15% to 16% of revenue in 2012. The Street is forecasting earnings of $0.39 per share on $128.9 million in sales for the year.
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