Northern Technologies International Corp Issues FY 2012 Guidance; Net Profit Guidance Below Analysts' Estimates

Northern Technologies International Corp announced that for fiscal 2012, it expects it expects its net sales to range between $23.0 million and $24.5 million, inclusive of sales made by NTIC's majority-owned subsidiary in Brazil, and expects net income of between $4.7 million to $5.0 million, or between $1.08 and $1.14 per diluted share (EPS). According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $23 million, net profit of $5.17 million and EPS of $1.10 for fiscal 2012.