Perceptron slips on fiscal third-quarter EPS below sole analyst estimate
Shares of Perceptron, Inc. (Nasdaq:PRCP) are veering lower in pre-market trading after the provider of information-based measurement and inspection services for the auto-industry reported fiscal 2008 third-quarter earnings substantially below the sole analyst’s estimate on Wall Street. The disappointing bottom-line was a result of anemic sales in the firm’s automated systems segment due to significant softness in the U.S. domestic automotive market.
Shares flopped 15%, or $1.54, to $8.46 in pre-market trading. For detailed price information and recent news stories about Perceptron, click PRCP.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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