Powell Industries (POWL) Misses Q1 EPS by 33c

Powell Industries (NASDAQ: POWL) reported Q1 EPS of ($0.49), $0.33 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $90.2 million versus the consensus estimate of $103.35 million.

OUTLOOK

As previously reported, Powell expects to report a net loss in fiscal 2018. However, the Company estimates its second half fiscal 2018 performance to show an improvement over the first half provided that new customer orders continue to improve as anticipated.

For earnings history and earnings-related data on Powell Industries (POWL) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Sharon AI surges premarket; New Oriental gains, Medline slips
• Independent Bank receives regulatory approval for HCB Financial acquisition