Powell Industries lowers earnings outlook
Shares of Powell Industries Inc. (Nasdaq: POWL) are down following news the Houston-based maker of electrical energy control equipment lowered its fiscal 2007 outlook and narrowed its quarterly profit.
The net income for the fiscal 2007 second quarter ended March 31 was $2.3 million, or $0.20 per share, compared with restated net income of $3.8 million, or $0.34 per share, in the second quarter of fiscal 2006, the company said before the opening bell.
The net income for the fiscal 2007 second quarter ended March 31 was $2.3 million, or $0.20 per share, compared with restated net income of $3.8 million, or $0.34 per share, in the second quarter of fiscal 2006, the company said before the opening bell.
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