FLIR Systems (FLIR) Misses Q3 EPS by 1c

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Go back to FLIR Systems (FLIR) Misses Q3 EPS by 1c

Needham & Company Cuts Price Target on FLIR Systems (FLIR) Following 3Q Miss

October 29, 2015 9:15 AM EDT

Needham & Company maintained a Buy rating on FLIR Systems, Inc. (NASDAQ: FLIR), and cut the price target to $34.00 (from $38.00), following the company's 3Q earnings report. Revenues increased 2% y/o/y to $382M, below consensus $389M. EPS, excluding a tax benefit, came in at $0.40, $0.02 below consensus. Mgmt trimmed guidance for full-year revenues and... More