A.T. Cross is NOT a Montblanc Alternative
Today A.T. Cross announced that the company expected to meet its 2011 guidance of $0.67-0.70, a 36% increase from 2010 guidance. It also reported that revenue grew 10% in 2011.
However, the company's 2012 guidance fell well short of analyst estimates. The company projected a FY2012 EPS range of $0.70-0.75 vs an analyst estimate of $0.84. The company stated that growth slowed significantly in the fourth quarter of 2011, and that trend would continue into 2012.
Shares of A.T. Cross are down $1.87 or 18.72%
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.