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A123 Systems 3Q Results A Mixed Bag; Wunderlich Securities Rating Unchanged

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A123 Systems, Inc. (NASDAQ: AONE) reported 3Q10 results that were a mixed bag, Wunderlich Securities reports. The company reported revenue of $26.2 million and a loss of $0.42 per share.

“We had forecast revenue of $24.9 million and a loss of $0.31 per share,” Wunderlich Securities writes. “The Street had been looking for revenue of $25.9 million and a $0.29 loss per share. Customer delays, issues, and start-up costs dominated the conference call. We continue to rate AONE shares a Hold with a $9.00 price target.”

A123 Systems currently trades at $8.97.

Posted-In: A123 Systems Wunderlich SecuritiesAnalyst Ratings

 

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