Reason for the downturn this morning (excessive anyway)
They are light on current and next qtr. They also announced a dividend, which seems to sometimes have a hit on PPS. But they have a large backlog. The hit today seems to exceed the news. Below are the vitals:
CURRENT QTR -EPS expected of .60, actual was .54 -Revenue expected of 45M actual was 48M
NEXT QTR - EPS expected of .65, Forecast is .57 to 0.61 - Revenue expected of 48M, Forecast is 43-46M
Revenues of $42.0 million; 12-month backlog of $130.7 million; Earnings per diluted share of $0.54; Cash provided by operations of $7.1 million; and Quarterly dividend of $0.36 per share.