Fuel Systems Solutions, Inc. (FSYS)

[starbuxsux]

Fuel Systems Solutions misses by $0.08, beats on revs; guides FY12 revs in-line

6:33 AM ET 3/8/12 | Briefing.com

Reports Q4 (Dec) earnings of $0.07 per share, $0.08 worse than the Capital IQ Consensus Estimate of $0.15; revenues rose 33.6% year/year to $111 mln vs the $97.93 mln consensus. Co issues in-line guidance for FY12, sees FY12 revs of $420-440 mln vs. $437.30 mln Capital IQ Consensus Estimate. Co sees FY12 gross margin of 23% to 25%, and 2012 operating margin of 3% to 5%. "We continued to compete effectively in European transportation markets while investing in key Latin American and Asian geographies that are experiencing accelerated growth. We also began generating revenue in our US Automotive business, including the delivery of one of the largest-ever orders for GM CNG-dedicated cargo vans, and our industrial and auxiliary power units (APU) markets continued to grow as these customers' businesses recover further."