Lower Earnings Forecast Damages Drs Shares
The Record, Bergen County, NJ › August 04, 2006
Linked as:
Summary
Shares of DRS Technologies Inc. fell nearly 17 percent Thursday after the defense contractor scaled back its full-year earnings forecast based on expected delays in payments from the government.
Parsippany-based DRS said 2007 earnings will probably range between $2.80 and $2.90 a share, down from an earlier estimate of $3.05 to $3.10.See the full content of this document
Extract
Lower Earnings Forecast Damages Drs Shares
Projected revenues were also lowered to between $2.7 billion and $2.75 billion from...
See the full content of this document
Sponsored links
