Materion (MTRN) Misses Q3 EPS by 2c, Cuts FY Guidance
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Materion (NYSE: MTRN) reported Q3 EPS of $0.39, $0.02 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $290.6 million versus the consensus estimate of $340.5 million.
Materion sees FY2012 EPS of $1.40-1.45, versus prior guidance of $1.50-1.60 and the consensus of $1.49.
Comments:
"The global macroeconomic environment remains uncertain and visibility is short. Order entry patterns have been choppy and the customary lift in order entry typically associated with consumer electronics in the third quarter occurred later in the quarter than normal."
"The Company now expects sales for the fourth quarter of the year to be similar to the third quarter and earnings for the full year to be in the range of $1.40 to $1.45 per share compared to the previously announced range of $1.50 to $1.60 per share. This full-year range includes up to $0.27 per share of costs related to the start-up of the pebble plant, integration of EIS Optics Limited, acquired in late 2011, and the shutdown and relocation of certain operations."
For earnings history and earnings-related data on Materion (MTRN) click here.
Materion sees FY2012 EPS of $1.40-1.45, versus prior guidance of $1.50-1.60 and the consensus of $1.49.
Comments:
"The global macroeconomic environment remains uncertain and visibility is short. Order entry patterns have been choppy and the customary lift in order entry typically associated with consumer electronics in the third quarter occurred later in the quarter than normal."
"The Company now expects sales for the fourth quarter of the year to be similar to the third quarter and earnings for the full year to be in the range of $1.40 to $1.45 per share compared to the previously announced range of $1.50 to $1.60 per share. This full-year range includes up to $0.27 per share of costs related to the start-up of the pebble plant, integration of EIS Optics Limited, acquired in late 2011, and the shutdown and relocation of certain operations."
For earnings history and earnings-related data on Materion (MTRN) click here.
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