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Alpine Electronics Inc Raises Consolidated Full-year Forecast for FY 2014

Wednesday, 30 Oct 2013 10:30pm EDT 

Alpine Electronics Inc announced that it has raised the consolidated full-year forecast for revenue from JPY 242,000 million to JPY 270,000 million, operating profit from JPY 5,000 million to JPY 7,000 million, ordinary profit from JPY 5,500 million to JPY 8,000 million, net profit from JPY 3,000 million to JPY 5,000 million and earning per share from JPY 43.00 to JPY 71.66 for the fiscal year ending March 31, 2014. The Company raised the consolidated full-year forecast due to increased sales and decreasing value of yen. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 257.49 billion and net profit of JPY 4.07 billion for the fiscal year ending March 2014. 

Company Quote

-51.0 -3.10%
10:30pm EDT