Dynamic Materials Corp (BOOM) Tops Q3 EPS by 7c; Boosts FY11 Sales Outlook, Sees Q4 Sales Lower
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Price: $6.12 --0%
Revenue Growth %: -6.0%
Financial Fact:
Diluted (in dollars per share): -0.22
Today's EPS Names:
CRMT, PKE, More
Revenue Growth %: -6.0%
Financial Fact:
Diluted (in dollars per share): -0.22
Today's EPS Names:
CRMT, PKE, More
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Dynamic Materials Corp (NASDAQ: BOOM) reported Q3 EPS of $0.32, $0.07 better than the analyst estimate of $0.25. Revenue for the quarter came in at $54.9 million versus the consensus estimate of $52.04 million.
Dynamic elevated its 2011 sales-growth forecast to a range of 31% to 33% versus last year, up fromr prior full-year growth forecast of 28% to 30%.
In light of the sequential explosion-welding backlog decline, fourth quarter sales are expected to drop by approximately 10% versus the third quarter, while fourth quarter gross margin is expected to be approximately 27%.
Dynamic elevated its 2011 sales-growth forecast to a range of 31% to 33% versus last year, up fromr prior full-year growth forecast of 28% to 30%.
In light of the sequential explosion-welding backlog decline, fourth quarter sales are expected to drop by approximately 10% versus the third quarter, while fourth quarter gross margin is expected to be approximately 27%.
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