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Finning International Inc Issues FY 2012 Revenue Guidance Below Analysts' Estimates; Comments On FY 2013 Revenue Guidance


Tuesday, 8 May 2012 04:15pm EDT 

Finning International Inc announced that following the closing of the acquisition of the former Bucyrus distribution business in all of its territories, the Company expects fiscal 2012 revenue to grow by 8% to 10% over fiscal 2011, which is an increase over the previous guidance of 5% growth this year. The Company expects fiscal 2013 revenue to be 10% to 15% higher than fiscal 2012 (an increase over the previous guidance of 10% growth). The Company reported revenues of CAD5.894 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of CAD6.756 billion for fiscal 2012; revenue of CAD7.547 billion for fiscal 2013. 

Company Quote

29.31
-0.08 -0.27%
17 Apr 2014