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Maxwell (MXWL -21.7%) is making multi-year lows following its Q3 report, which was accompanied...

Maxwell (MXWL -21.7%) is making multi-year lows following its Q3 report, which was accompanied by guidance for Q4 revenue to be similar to Q1's $39.2M - that's far below a consensus of $52.2M. The ultracpacitor vendor blames weak European demand and "application issues" with hybrid bus drive systems. Maxwell also expects revenue to decline Q/Q in Q1 '13 (consensus stands at $46.5M) due to the Chinese New Year. Needham is downgrading shares to Hold. (transcript)

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Comments (2)
  • Ranma
    , contributor
    Comments (1973) | Send Message
     
    Axion Power (AXPW) will soon take over these "applications issues"...
    26 Oct 2012, 11:48 AM Reply Like
  • jkaness
    , contributor
    Comments (71) | Send Message
     
    When a stock underperforms expectations, the value drops sharply. What if the same reaction applied to politicians?
    26 Oct 2012, 01:01 PM Reply Like
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