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Barnes Group Inc Lowers High End Of Prior FY 2013 Revenue Guidance; Narrows Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates


Friday, 26 Jul 2013 06:30am EDT 

Barnes Group Inc announced that it expects fiscal 2013 revenue from continuing operations to grow 17% to 19% from fiscal 2012. GAAP earnings per diluted share from continuing operations are anticipated to be in the range of $1.43 to $1.53. Fiscal 2013 adjusted earnings per diluted share from continuing operations are anticipated to be in the range of $1.85 to $1.95. Adjusted earnings per share from continuing operations exclude the non-recurring CEO transition costs ($0.12 per share) and the tax charge as a result of the U.S. Tax Court's unfavorable ruling ($0.30 per share). The Company reported revenue of $1.230 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.91 for fiscal 2013. 

Company Quote

36.39
0.29 +0.80%
19 Dec 2014