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IMRIS Inc Lowers FY 2013 Revenue Guidance; Issues Q3 2013 Revenue Guidance Below Analysts' Estimates; Comments On H2 2013 Revenue Guidance


Tuesday, 13 Aug 2013 04:11pm EDT 

IMRIS Inc announced that based on headwinds in the market, the Company's performance to date and expectations for the remainder of the year, the Company is lowering it's fiscal 2013 sales outlook at this time. The Company also announced that it expects 2013 third quarter revenues to be in the $18 million range. Similar to prior years, the Company anticipates that the strongest quarterly revenue performance will occur in the second half of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $67 million for fiscal 2013, revenue of $21 million for the third quarter of 2013 and revenue of $27 million for the fourth quarter of 2013. 

Company Quote

0.84
0.04 +5.00%
1 May 2015