Pike Electric (PIKE -2.5%) slips after posting a mixed FQ3 today, beating on revenue but coming...

|About: Pike Corporation (PIKE)|By:, SA News Editor

Pike Electric (PIKE -2.5%) slips after posting a mixed FQ3 today, beating on revenue but coming up short on a per share basis due to higher expenses. Core service revenue totaled a record high $156M, led by double-digit gains in its distribution segment. Stifel Nicolaus reduced its price target to $11.50 based on the lower Q3 EPS, but still believes that the company's long-term trends are positive.