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

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.
Comments (1)
  • mark56m
    , contributor
    Comments (9) | Send Message
     
    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
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