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Innovative Solutions and Support Inc Reaffirms FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance


Wednesday, 31 Jul 2013 05:00pm EDT 

Innovative Solutions and Support Inc announced that for fiscal 2013, it expects sales to increase approximately 30% over fiscal 2012. Largely as a result of the impact of the aforementioned non-recurring legal matter, the Company expect earnings per share (EPS) to be somewhat below the range of the $0.18 to $0.20 that it had forecast in second quarter earnings release. The Company reported revenue of $24.58 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $32.05 million and EPS of $0.19 for fiscal 2013. 

Company Quote

6.8
0.1 +1.49%
25 Jul 2014