Forum Energy Technologies (NYSE:FET)

CAPS Rating: No stars


Player Avatar mdriver78 (62.60) Submitted: 1/17/2013 9:04:18 AM : Underperform Start Price: $25.55 FET Score: -7.42

Downward guidance is seldom received well by the market. And the information indicated in the release seems to indicate some core business concerns. "The co indicated the reduction in the expected range for full year 2012 earnings per diluted share is primarily the result of:

- Significantly lower fourth quarter 2012 customer spending on capital equipment and consumable products than previously anticipated, especially in the company's Drilling product line.

- Customer deferrals in accepting delivery of higher margin capital equipment orders from existing backlog.

- Under absorption of manufacturing costs.

-Acquisition transaction expenses, severance, weather related inefficiencies, and other transitory costs.

Featured Broker Partners