EnergySolutions Lowers 2012 Forecast; Shares Decline In Pre-Market Trading

Shares of EnergySolutions Inc

dropped more than 13% in pre-market trading after the company cut its forecast for 2012 adjusted earnings before interest, taxes, depreciation and amortization (EBITA). The company also appointed board member David Lockwood as CEO and President of the company. EnergySolutions cut its 2012 EBITDA forecast to a range of $130 million to $140 million, versus $150 million to $160 million. ES shares tumbled 13.93% to $3.09 in pre-market trading.