Telestone Lowers Full-Year 2011 Guidance

Telestone Technologies Corp (NASDAQ: TSTC) lowered its revenue forecast for the full-year 2011.

Telestone now projecs revenue for the year ended December 31 to drop 15% to 20% from the previous year to around $105.3 million to $111.9 million, versus its prior forecast for a 30% rise.

Telestone now projects profit for the year of $16.8 million to $22.4 million, versus its earlier forecast of around $27.5 million.

Telestone shares dipped 11.30% to $3.69 in pre-market trading.