Raven Industries (RAVN) Misses Q3 EPS by 4c
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Raven Industries Reports Third Quarter Fiscal 2016 Results
November 24, 2015 8:00 AM ESTAdjusted EPS of $0.131
SIOUX FALLS, S.D., Nov. 24, 2015 (GLOBE NEWSWIRE) -- Raven Industries, Inc. (NASDAQ: RAVN) today reported financial results for the third quarter that ended October 31, 2015.
Noteworthy Items:
Reduced forecast for Aerostar subsidiary Vista Research due to delays and uncertainty surrounding international pursuits led to a non-cash goodwill impairment charge of $7.4 million;Restructured Vista Research to reduce cost structure in-line with lower demand expectations while still preserving capabilities to perform on U.S. military and international... More