SmartHeat (HEAT) -17.5% after abysmal Q1 results: EPS of -$0.10 vs. $0.05 consensus; revenue...

|By:, SA News Editor

SmartHeat (HEAT) -17.5% after abysmal Q1 results: EPS of -$0.10 vs. $0.05 consensus; revenue -16% to $8M vs. $11M consensus. Issues downside FY'11 guidance: EPS likely to be $0.25-0.36 vs. $0.60-0.80 prior guidance; revenue of $63M-93M vs. $120M-150M prior guidance.