FWLT Misses Big
FWLT Earnings were slammed
* Revenues were up 23% and edged expectations by $50M
* Earnings missed big. $0.54 versus expected $0.76. That's up 24% over last year.
Earnings were hit by a lost lawsuit ($8M) and a $5M reserve against another problem. But that doesn't explain everything.
The stock is down 9% in pre-trading. A lot depends on guidance
* Revenues were up 23% and edged expectations by $50M
* Earnings missed big. $0.54 versus expected $0.76. That's up 24% over last year.
Earnings were hit by a lost lawsuit ($8M) and a $5M reserve against another problem. But that doesn't explain everything.
The stock is down 9% in pre-trading. A lot depends on guidance
posted by Andrew at
5:04 AM
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