Pioneer Announces Second Quarter Financial Results
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Pioneer Power (PPSI) Misses Q2 EPS by 10c
August 12, 2015 4:10 PM EDTPioneer Power (NASDAQ: PPSI) reported Q2 EPS of ($0.05), $0.10 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $26.5 million versus the consensus estimate of $28.8 million.
Pioneer Power sees FY2015 EPS of $0.15-$0.20. Pioneer Power sees FY2015 revenue of $110-120 million.
Pioneer Power sees FY2016 EPS of $0.55-$0.65. Pioneer Power sees FY2016 revenue of $130-140 million.
Nathan Mazurek, Pioneer's Chairman and Chief Executive Officer, said, "We have and are taking decisive actions to return the Company to an acceptable level of profitability and in line with our... More
