Maxwell Technologies (MXWL)

[lady glueck]

Maxwell Tech beats by $0.10, reports revs in-line Reports Q3 (Sep 0.00%, news) earnings of $0.21 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.11; revenues rose 6.8% year/year to $43.9 mln vs the $44.31 mln consensus.

"Wind energy and hybrid transit bus applications continue to be primary drivers of ultracapacitor sales, and we believe that long-term growth prospects in those and other key verticals remain solid. However, we are now working with customers to resolve recently encountered hybrid bus drive system application issues that will delay previously forecasted deliveries. As a result of those delays and generally lower demand, we now expect fourth quarter revenue to be similar to that recorded in the first quarter of this year."

http://money.msn.com/business-news/article.aspx?feed=Bcom&date=20121025&id=15719020