Insituform (INSU) Cuts FY11 Outlook

Insituform (Nasdaq: INSU) cutting FY11 guidance amid continued weakness in its North American Sewer Rehabilitation unit. EPS now expected to be $1.30-$1.40, which compares to the Street estimate of $1.70. The company had previously guided EPS to $1.75-$1.90.

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