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Tower International Inc Raises FY 2013 EPS Outlook; Lowers FY 2013 Revenue Outlook; Sees FY 2013 EBIDTA Outlook At Top End Of Prior Range

Monday, 22 Jul 2013 07:15am EDT 

Tower International Inc is increasing its outlook for diluted adjusted earnings per share (EPS) by $0.25 or 15% (to $1.90 per share). Revenue is projected at $2.115 billion, $10 million lower than prior outlook because of exchange-rate translation. The outlook for Adjusted EBITDA is increased to the upper end of the prior range (now $210 million). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.28, revenue of $2.14 billion and EBITDA of $208 million for fiscal 2013. 

Company Quote

-0.6 -2.62%
22 Oct 2014