More on Globecomm's FQ4: The EPS miss appears to be the result of a government infrastructure...
Tuesday, September 11, 2012, 4:25 PM ETMore on Globecomm's FQ4: The EPS miss appears to be the result of a government infrastructure solutions contract that carried below-average margins. FY13 guidance is for revenue of $340M-$360M and EPS of $0.66-$0.76, soundly below a consensus of $404.9M and $1.11. Globecomm claims macro conditions are creating headwinds for its infrastructure business, and that Iraq/Afghanistan troop reductions are hurting its services business. GCOM -17.4% AH. (PR)
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