BTU International sinks 18% after rescheduling Q2 earnings report

BTU International Inc. (Nasdaq:BTUI) is down more than 18% today after postponing its second-quarter earnings announcement. The North Billerica, Mass.-based thermal processing system manufacturer said it needed more time to complete the consolidation and review of its global financial results. The company had transitioned to a new public accounting firm and is having technical problems with international taxes. The company will now report its earnings on July 30 after the market close.

In today’s trading, shares are at $9.09, down $2.02 from Monday’s close. During the past year, BTU shares have ranged from $8.65 to $15.41.

For detailed price information and recent news stories about BTU International Inc., click BTUI.

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