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UTi Misses; Shares Slide 5%
UTi Worldwide Inc. (UTIW - Snapshot Report) reported earnings per share of 10 cents for its first quarter, which fell short of expectations by 4 cents.
Shares of the supply chain services and solutions company are down 5.35% today on volume of approximately 687,000. The average daily volume is about 954,000.
Total revenue fell 35% to $768.4 million on lower-than-expected transportation and logistics volumes.
One out of 10 covering analysts have pulled back on full-year expectations over the past week, sending the average forecast down 4 cents to 95 cents per share.
Next-year's consensus forecast has also moved lower by 4 cents over the past week to $1.06 per share, as 1 analyst out of 7 reduced estimates.
UTIW is a Zacks #3 Rank ("Hold") stock.
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| Market Summary | Feb 10, 2010 01:48 am ET |
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