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Martinrea International Inc Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates

Thursday, 2 May 2013 05:01pm EDT 

Martinrea International Inc announced that for the second quarter of 2013, it expects to generate record revenues (excluding tooling revenues) in the range of $750 to $770 million and earnings per share (EPS) will be in the range of 30 to 34 cents per share, an upward trend from first quarter and a record quarter for the Company from an earnings perspective. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.31 and revenue of $772 million for the second quarter of 2013. 

Company Quote

0.31 +2.28%
4:00pm EDT