Shares of Matrix Service Corp. (MTRX -13.46%) slip after its FQ3 earnings fell short on a per...

|About: Matrix Service Company (MTRX)|By:, SA News Editor

Shares of Matrix Service Corp. (MTRX -13.46%) slip after its FQ3 earnings fell short on a per share basis late yesterday. Net profit fell 1.2%, despite a 34% jump in Y/Y revenue. the company attributes the shortfall to to increased spending and ongoing problems with its East Coast operations, including instability in local refinery operations, warmer than usual weather and the impact of low natural-gas prices. The company also cuts FY12 guidance.