Market Currents

Fuel Systems (FSYS -12.5%) gets hit on a disappointing Q3 report as its EPS swings to a loss on...

Wednesday, November 9, 2011, 10:34 AM ET
Fuel Systems (FSYS -12.5%) gets hit on a disappointing Q3 report as its EPS swings to a loss on higher tax expenses and operational costs. Gross profit declined 5% Y/Y, due to lower margins in the U.S. automotive business, plus a one-time write off of relocation expenses. The company says the pressure on its margins is ongoing into the current quarter, and lowers its outlook for FY11 to the bottom end of its range.

This Market Current was sent to 1,087 people who get email alerts on FSYS.

Get email alerts on FSYS »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 1 comment:

mark56m Comments (8)

Looks like an honest company that is on a low swing. The technology they provide will give us a winner very soon. I'm buying more at this price..If we as a country sweep NG under the rug fuel costs will cripple our way of life like free trade did our middle class.

9 Nov 2011, 01:01 PM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)