Pioneer Power (PPSI) Misses Q3 EPS by 6c; Guides FY16 Above Views
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Pioneer Reports Double-Digit Revenue Growth, Improved Profitability for Third Quarter of 2016
November 14, 2016 4:05 PM ESTFORT LEE, N.J., Nov. 14, 2016 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced its financial results for the third quarter and year-to-date periods ended September 30, 2016.
Third Quarter Results:
Revenue of $29.4 million, up 17.9% year-over-year Gross margin percentage of 22.2%, up compared to 20.2% in Q3 2015 Operating income of $1.2 million compared to an operating loss of $(3.3) million in Q3 2015 Net income of... More