In a report published Thursday, D.A. Davidson analyst Thomas Diffely reiterated a Buy rating on FEI Company FEIC, but lowered the price target from $105.00 to $100.00.
In the report, D.A. Davidson noted, "4Q revenue and earnings slightly below consensus. Revenue of $265 million and pro-forma EPS of $0.98 (GAAP EPS was $0.79) came in shy of the Street mean of $273 million and $1.00, respectively. Pro-forma GM of 46.8% was 150bp below our model, influenced by unfavorable product mix."
FEI Company closed on Wednesday at $86.35.
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