Maxwell (MXWL -21.7%) is making multi-year lows following its Q3 report, which was accompanied...
Friday, October 26, 2012, 11:39 AM ETMaxwell (MXWL -21.7%) is making multi-year lows following its Q3 report, which was accompanied by guidance for Q4 revenue to be similar to Q1's $39.2M - that's far below a consensus of $52.2M. The ultracpacitor vendor blames weak European demand and "application issues" with hybrid bus drive systems. Maxwell also expects revenue to decline Q/Q in Q1 '13 (consensus stands at $46.5M) due to the Chinese New Year. Needham is downgrading shares to Hold. (transcript)
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