ARC Group Worldwide (ARCW) Tops Q2 EPS by 1c
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Imperial Capital Cuts Price Target ARC Group Worldwide (ARCW) Saying Shares will Continue to be Volatile
February 11, 2016 7:29 AM ESTImperial Capital reiterated an In-Line rating on ARC Group Worldwide (NASDAQ: ARCW), and cut the price target to $3.00 (from $5.00), following the company's 2Q earnings report. ARCW reported 2Q16 revenue of $25mn, below the Street's estimate of $26mn. Adjusted EPS of ($0.03) was slightly better than the consensus estimate of ($0.04). Imperial believes that the price of ARCW shares will... More
