Cemtrex (CETX) Q1 Sales Miss Views
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Cemtrex, Inc. (CETX) Updates Robust Business Outlook, With Five-year 33% Revenue CAGR and 25 Quarters of Profit
February 23, 2017 8:45 AM ESTFarmingdale, NY, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX), a world leading industrial and manufacturing company, provided an update on its robust business outlook, with the Company having generated a five-year, 33% revenue CAGR and 25 sequential quarters of profitable operating results. The Company delivered a net sales increase of 121% to $29.4 million in the three months ended December 31, 2016, from $13.3 million during the first three months of fiscal 2016. On the higher revenue base, the company registered a 103% increase in net income, and 56% annual advance in EPS for FY 2017 Q1.
By focusing on niche products and services... More
RM LAW Announces Investigation of Cemtrex, Inc.
February 22, 2017 4:35 PM ESTBERWYN, Pa., Feb. 22, 2017 /PRNewswire/ -- RM LAW, P.C. is investigating potential claims against the board of directors of Cemtrex, Inc. ("Cemtrex" or the "Company") (NASDAQ: CETX). Â Our investigation concerns potential breach of fiduciary duty and securities claims.Â
... MoreCemtrex (CETX) Responds to False, Misleading Blog Post on Seeking Alpha
February 22, 2017 2:27 PM ESTFarmingdale, NY, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Cemtrex, Inc. (www.cemtrex.com, CETX) Â today issued a response on behalf of its shareholders in relation to a malicious blog post containing false and misleading information published by short sellers on the Seeking Alpha website.
Cemtrex is preparing to take rapid legal action and asks that the SEC investigate these short sellers and their associates for stock manipulation and illicit gains. Cemtrex categorically refutes any... More
Cemtrex Schedules Conference Call to Discuss FY 2017 Q1 Financial Results
February 21, 2017 4:30 PM ESTFarmingdale, NY, Feb. 21, 2017 (GLOBE NEWSWIRE) -- Cemtrex, Inc. (NasdaqCM: CETX) announced that the Company has scheduled a conference call on Thursday, February 23, 2017 at 11:00 AM Eastern Time (ET) to review its operating results for the three months ended December 31, 2016.
Date: Thursday, February 23, 2017
Time: 11:00 AM Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-407-8293
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8349
Participating on the call will be Cemtrex's Chairman and CEO, Saagar Govil, who will discuss operational and... More
