Aceto -12%, says revenue estimates incorrectly reported


Aceto (ACET -11.9%) says financial media outlets have misreported that the company missed revenue forecasts by $30.5M; in fact, revenue in the most recent quarter rose 2.2% Y/Y to $116.5M, which was $2.7M below the correct estimate.

ACET says reported EPS of $0.24 was in line with estimates and a 41% Y/Y increase.

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  • DAG Investments
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    full analysis here: http://seekingalpha.co...
    18 Feb 2014, 04:17 AM Reply Like
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