Aceto -12%, says revenue estimates incorrectly reported

|About: Aceto Corporation (ACET)|By:, SA News Editor

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.