Powell Industries, Inc. (POWL) Misses Q2 EPS Expectations; Cuts FY14 Outlook
Get Alerts POWL Hot Sheet
Revenue Growth %: +17.8%
Financial Fact:
Amortization of intangible assets: 89K
Today's EPS Names:
NLY, CP, RUSHA, More
Join SI Premium – FREE
Powell Industries, Inc. (NASDAQ: POWL) reported Q2 EPS of $0.24, $0.64 worse than the analyst estimate of $0.88. Revenue for the quarter came in at $150.8 million versus the consensus estimate of $191.16 million.
New orders from continuing operations in the fiscal 2014 third quarter remained healthy at $172 million compared to $163 million in the second quarter of fiscal 2014 and compared to $150 million in the third quarter of fiscal 2013. The Company's backlog for continuing operations as of June 30, 2014 was $477 million compared to $452 million as of March 31, 2014 and compared to $417 million at the end of last year's third quarter.
Powell Industries, Inc. sees FY2014 EPS of $2.15-$2.40, versus prior guidance of $2.85-$3.35 and the consensus of $3.12. Powell Industries, Inc. sees FY2014 revenue of $650-675 million, versus prior guidance of $700-750 million and the consensus of $722.13 million.
For earnings history and earnings-related data on Powell Industries, Inc. (POWL) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ATN International (ATNI) Misses Q1 EPS by 46c ; Offers Guidance
- Amerant Bancorp Inc. (AMTB) Misses Q1 EPS by 5c
- VIST Financial Corp. (VIST) Misses Q1 EPS by 19c
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot Guidance, Trading HaltsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!