Maxim Group Downgrades Profire Energy (PFIE) to Hold
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Chardan Capital Trims PT on Profire Energy (PFIE) to $1.80; FY16 Outlook 'Sharply' Lower than Expected
June 16, 2015 9:42 AM EDTChardan Capital lowers ts price target on Buy-rated Profire Energy (Nasdaq: PFIE) from $3.77 down to $1.80 following Q4 results and outlook.
Analyst James McIlree commented, Q4 revenue was $9.8 million, above our $7.8 million estimate, but gross margin was lower than expected. For the quarter Profire posted 48 percent overall gross margins, 52 percent for products and a negative 5 percent for... More
UPDATE: Profire Energy (PFIE) Posts Q4 Loss of 1c/Share; Guides FY16 Revenue Below Expectations
June 15, 2015 4:19 PM EDT(Updated - June 15, 2015 4:21 PM EDT)
Profire Energy (NASDAQ: PFIE) reported Q4 EPS of ($0.01), which may not compare with the analyst estimate of $0.00. Revenue for the quarter came in at $9.8 million versus the consensus estimate of $7.6 million.
Management Commentary
This was a record year for Profire and we are very pleased with what we were able to accomplish, said Brenton Hatch, president and CEO of Profire Energy. The baseline driver of growth... More
