Sauer-Danfoss Inc. (SHS) reported fourth quarter net income of $0.57 per share after the bell Wednesday, down from $2.60 per share in the previous year. Full year 2012 net income is expected to be between $4.00 and $5.00 per share.
Sauer-Danfoss gapped open sharply lower Thursday morning and has continued to decline in early trade. Shares are now down 9.48 at $44.66 on above average volume. The stock has dropped to a 5-week low and has fallen beneath its 50-day moving average.
by RTT Staff Writer
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