STR Holdings Lowers Q2 Outlook

Trade STRI now with

7/23/2012 1:26 PM ET

STR Holdings, Inc. (STRI: Quote) Monday lowered its outlook for the second quarter. The company currently expects breakeven earnings for the second quarter. The company previously announced a guidance range of $0.00 to $0.02 per share.

On average, nine analysts polled by Thomson Reuters currently expect the company to report breakeven earnings for the quarter. Analysts' estimates typically exclude special items.

The company also lowered its second-quarter revenue outlook to $25 million, down from the previous range of $31 million to $33 million. Analysts are expecting revenues of 31.91 million.

Click here to receive FREE breaking news email alerts for STR Holdings Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 131 Articles

Editors Pick

HP Profit Falls Yet Tops Estimates

Hewlett-Packard Co. said Wednesday after the markets closed that its second quarter profit fell 32% from last year, hurt by lower revenue and weaker margins amid a slump in PC sales. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.

Worries About Fed Tapering Lead To Sell-Off On Wall Street - U.S. Commentary

Stocks showed a substantial downturn over the course of the trading day on Wednesday after seeing some strength in morning trading. Renewed worries about the Federal Reserve tapering its asset purchase program contributed to the sharp pullback by the markets. The major averages climbed off their worst levels going into the close but still ended the day firmly negative.

Fed Minutes Show Some Members Want To Scale Back QE3 This Summer

Some members of the Federal Reserve favor scaling back the central bank's $85 billion a month asset purchase program this summer as long as the economy continues to improve, according the the minutes of the Fed's April 30-May 1 meeting. "A number of participants expressed willingness to adjust the...