A.T. Cross Sees 2012 Fully Diluted EPS of $0.70-0.75
A.T. Cross Company (Nasdaq: ATX) announced today that it expects 2011 earnings per share to meet its previously issued basic earnings per share guidance of $0.67-$0.70. Comparatively, the Company reported $0.50 basic earnings per share in 2010. Preliminary financial results showed revenue growth in 2011 of 10%, with the Cross Optical Group sales growing 20% and the Cross Accessory Division sales growing 5%. Complete 2011 financial results will be released on February 22, 2012.
The Company is providing fully diluted earnings per share guidance for 2012 of between $0.70 and $0.75. Comparatively, 2011 fully diluted earnings per share is expected to be between $0.62 and $0.65.
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