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CPI Aerostructures Inc Lowers FY 2012 Revenue Guidance; Sees FY 2012 Net Income Guidance At Low End Of Prior Range

Friday, 9 Nov 2012 08:45am EST 

CPI Aerostructures Inc revised its fiscal 2012 revenue guidance only and project revenue to be between $92 million and $93 million as compared to $95 million to $98 million. However, gross margin for is expected to be at the high end of range of 25%-27%, which will allow to achieve net income guidance of $12 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $95 million and net income of $12 million for fiscal 2012. 

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