logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


FLIR Systems (FLIR) Trims Guidance, Shares Plunge

By  +Follow October 15, 2013 1:28PM
Share:
Tickers Mentioned:

Thermal imaging manufacturer FLIR Systems (FLIR) took a hard hit on Tuesday after it reported preliminary earnings for the third quarter of 2013. The company cut its full-year guidance and showed lower-than-expected earnings. Shares declined almost 14 percent on the news.

Reliance on Government Markets Hurts Earnings

FLIR reported that weakness in those markets with exposure to the federal government drove a drop in profits below their expectations. FLIR now expects to report revenues of $358 million to $360 million, or $0.32 to $0.33 per share, for the quarter ending on September 30, 2013. This means full-year 2013 revenue projections have been reduced to $1.45 billion to $1.5 billion, or $1.38 to $1.45 per share, down from previously reported guidance of $1.5 billion to $1.6 billion, or $1.56 to $1.66 per share.

"While we are disappointed in the preliminary results for the third quarter, we have also taken steps, above and beyond those related to our strategic review, to reduce costs in response to the current operating environment, and we remain highly confident in our strategy and outlook for the future," said CEO Andy Teich. "Ongoing uncertainty in the U.S. government is likely to continue to affect our performance in the fourth quarter, and our revised guidance is intended to reflect this environment. We believe our CDMQ(R) strategy is the best alternative for government customers to acquire high performance intelligence, surveillance, reconnaissance, targeting, and detection capabilities with low cost, high quality, and outstanding value. We remain very enthusiastic about the opportunities in our commercial business in 2014 and beyond, and are committed to continuing to innovate for our customers and deliver value to our shareholders, as illustrated by our recent new product introductions and today's strategic business realignment."

Realigning Facilities

FLIR also reported that it would be closing as many as six of its not-to-scale sites and shifting production to other, larger facilities.

"The realignment of operations announced today is the culmination of a strategic operations review we began this past summer to further enhance operating efficiency and profitability and to improve our internal execution with better communication, collaboration, and cooperation across the company," said Teich.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for FLIR
Stock Market Picks
30 Jun 15 19:50:02
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. http://t.co/sEWpN8FFKR $QQQ
FinSentS NASDAQ
30 Jun 15 15:45:10
$FLIR:US FLIR Systems Cut to "Sell" at Zacks (FLIR) #FLIR SYSTEMS INC http://t.co/bHb1VJFy0P #NASDAQ
FinSentS SP500
30 Jun 15 15:30:55
$FLIR:US FLIR Systems Cut to "Sell" at Zacks (FLIR) #FLIR SYSTEMS INC http://t.co/iy2WTzMCfv #SP500
dailystockplays.com
30 Jun 15 15:00:32
Elder Red http://t.co/xMIQbGDVTp $BTU $ARCP $FXCM $AEO $HMY $PVA $HCP $WPZ $HOV $KEG $ORIG $CSTM $BVN $SCHN $FLIR $BIOS $MLHR $SBGL
StockNewsWires
30 Jun 15 13:09:04
$FLIR: Can FLIR Systems, Inc. (NASDAQ:FLIR) Keep Up with Analyst ...: http://t.co/FYHz12SKan
Daily Contracts
30 Jun 15 10:24:04
Real-Time feed of company contracts, original agreements and executive updates from $FLIR http://t.co/QgeL2ZXWPr
Stock Market Picks
30 Jun 15 09:38:46
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. http://t.co/sEWpN8FFKR $QQQ
FinSentS NASDAQ
30 Jun 15 07:37:21
$FLIR:US FLIR Systems Cut to "Sell" at Zacks (FLIR) #FLIR SYSTEMS INC http://t.co/qKwzih44RG #NASDAQ
FinSentS SP500
30 Jun 15 07:20:51
$FLIR:US FLIR Systems Cut to "Sell" at Zacks (FLIR) #FLIR SYSTEMS INC http://t.co/1XLHVk7Y6K #SP500
Market Int Center
30 Jun 15 07:14:39
Potential FLIR Systems $FLIR Trade Has 3.20% Downside Protection ( http://t.co/GRueZ6Hytl )
Myrollingstocks
30 Jun 15 07:10:22
We like gapping stocks $FLIR http://t.co/LIspYmFL35
Retsialg
30 Jun 15 07:10:22
We like gapping stocks $FLIR http://t.co/rONTrGK0a7
myrollingstocks
30 Jun 15 07:10:22
We like gapping stocks $FLIR http://t.co/1Z6olGySJZ
Stock Market Picks
30 Jun 15 06:30:26
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. http://t.co/sEWpN8FFKR $QQQ
Breaking News
30 Jun 15 02:36:06
$FLIR: Investor Investigation of FLIR Systems, Inc. (NASDAQ:FLIR) over ...: http://t.co/C5EmMgzK2O
FinSentS NASDAQ
29 Jun 15 23:30:24
$FLIR:US FLIR Systems Cut to "Sell" at Zacks (FLIR) #FLIR SYSTEMS INC http://t.co/C897bybtEy #NASDAQ
FinSentS SP500
29 Jun 15 23:11:51
$FLIR:US FLIR Systems Cut to "Sell" at Zacks (FLIR) #FLIR SYSTEMS INC http://t.co/k5ztPjcecx #SP500
TimeForGrowth
29 Jun 15 21:55:02
$FLIR: Wall Street analysts bullish on FLIR's earnings growth: http://t.co/5zJKN5jyOS http://t.co/Lt11EXLACu
StockNewsWires
29 Jun 15 20:45:02
$FLIR: FLIR Systems Downgraded to "Sell" at Zacks (FLIR): http://t.co/FLpYyFKtiD
Dakota Financial
29 Jun 15 20:39:46
FLIR Systems Downgraded to “Sell” at Zacks $FLIR http://t.co/EYhLpoAowb
Ticker Report
29 Jun 15 20:37:38
FLIR Systems Cut to “Sell” at Zacks $FLIR http://t.co/smGlpOjFLr
StockNewsWires
29 Jun 15 20:37:02
$FLIR: FLIR Systems Cut to “Sell” at Zacks (FLIR): http://t.co/7Y91bUjIEW
Sleek Money
29 Jun 15 20:36:08
FLIR Systems Cut to “Sell” at Zacks $FLIR http://t.co/KvyYjLR86n
US Consumer News
29 Jun 15 20:27:19
FLIR Systems downgraded by Zacks to sell. http://t.co/JbtR2NZEvq $FLIR #FLIR
Media Sentiment
29 Jun 15 20:24:55
$FLIR received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 394
MarketBeatCom
29 Jun 15 20:22:43
FLIR Systems downgraded by Zacks to sell. http://t.co/8EckHCYAXg $FLIR #FLIR
Stock Market Picks
29 Jun 15 20:06:09
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. http://t.co/sEWpN8FFKR $QQQ
#HelpYouGetGAINS
29 Jun 15 18:53:14
Stocks and the robot apocalypse http://t.co/5o1FeqsbfT $IBM $GOOGL $AMZN $IRBT $AAPL $MSFT $BA $NOC $MBLY $FCAU $GM $F $HMC $FLIR $ABB
InvestWithConf
29 Jun 15 16:23:02
$FLIR is rated BUY, 21.8% upside by Wall Street analysts based on average ratings/targets http://t.co/s1Gb0x96rA http://t.co/EF8De2v2nN
dailystockplays.com
29 Jun 15 14:59:22
Elder Blue http://t.co/7kI0hdGjtu $UGAZ $DGAZ $PVA $UNG $IAU $REXX $LEN $HOV $DRI $CIG $COWN $FGEN $DNKN $HSP $BKU $FLIR $EVHC $SNV
SwingTradeBot
29 Jun 15 14:33:48
Scan results - 50 DMA Support today: $ARMK $FGEN $FLIR $AEGN $AMAG $SSNI $C $WFC $MDRX $VIRT ... http://t.co/kxWlJhmknH
Daily Contracts
29 Jun 15 14:31:03
Real-Time feed of company contracts, original agreements and executive updates from $FLIR http://t.co/QgeL2ZXWPr
12Stocks.com
29 Jun 15 13:00:29
S&P500 #Stocks Trend $UHS $THC $HCA $DE $FLIR $AET $NKE $LLY $T $MRO $CAG $DG $PBCT $CI $PLL $PNR $DTV $BCR @ http://t.co/RPeaHBZz9y
Investing Insight
29 Jun 15 11:54:48
BreakoutStocks: High volume breakout stocks http://t.co/LBxxCsqt8N $OSBC $HOFT $FLIR $RDEN $DCO $PETX
Top Breakout Stocks
29 Jun 15 11:43:24
High volume breakout stocks http://t.co/nMliX17A5L $OSBC $HOFT $FLIR $RDEN $DCO $PETX
DC1 Consulting
29 Jun 15 10:21:22
ON AI: http://t.co/4i3fNLNADp #IBDBlogs via @IBDinvestors $IBM $GOOGL $AMZN $IRBT $AAPL $MSFT $BA $NOC $MBLY $FCAU $GM $F $HMC $FLIR $ABB
12Stocks.com
29 Jun 15 08:52:17
S&P500 #Stocks Trend $THC $UHS $LEG $DE $HCA $DISCA $LLY $MRO $DG $NKE $CVC $T $FLIR $CF $TWC $LUK $DIS $ACN @ http://t.co/RPeaHBZz9y
Market Int Center
29 Jun 15 08:01:03
FLIR Systems $FLIR Trading Near $31.87 Resistance Level ( http://t.co/v7LXSOKJnf )
Myrollingstocks
29 Jun 15 07:10:24
We like gapping stocks $FLIR http://t.co/eizVDw6eOL
myrollingstocks
29 Jun 15 07:10:23
We like gapping stocks $FLIR http://t.co/ps9Rkh1Mzg
Retsialg
29 Jun 15 07:10:23
We like gapping stocks $FLIR http://t.co/deTSZhe1Du
Penny Stock Secret
29 Jun 15 04:27:35
The Most Accurate Stock Alert Service Made $240,000 Yesterday http://t.co/NovWYe2RAx .. $WTFCW $AAVL $FLIR
Frederick Tremblay
29 Jun 15 04:00:15
Published $FLIR estimate on Estimize: Our Quant models forecast a 2,15% surprise on eps and a -1,07... http://t.co/uPrEcjDOqk
binaryoptionsocial
28 Jun 15 20:58:28
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. … …… http://t.co/Csk7miIhta
binaryoptionsocial
28 Jun 15 20:54:26
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. … …… …
binaryoptionsocial
28 Jun 15 20:54:25
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. … … http://t.co/Csk7miIhta…
binaryoptionsocial
28 Jun 15 20:43:05
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. … …… http://t.co/Csk7miIhta
binaryoptionsocial
28 Jun 15 20:43:02
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. … … http://t.co/Csk7miIhta
binaryoptionsocial
28 Jun 15 20:42:48
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. … …… http://t.co/Csk7miIhta
SMPH #Sanders2016
28 Jun 15 20:41:07
$EBAY $ESRX $FAST $FB $FLIR $GOOG Trade long or long+short positions from the #NASDAQ, up to 1500% since 2010. … … http://t.co/mWqUw11a7O
				
				
By  +Follow October 15, 2013 1:28PM
Share:

Comments

 

blog comments powered by Disqus

 

 Today's Must Reads

Microsegmentation: The Future of Cybersecurity?


How this Playboy Playmate Became a Better Stock Trader Than You

Long Term Rates Are On The Up…What’s Next?

The Modern Web: So Many Ways to Invest in Wireless Mobile Stocks

It's Time for the Rest of the Country to Legalize Weed

 

Do you expect a 10% correction by the end of 2015? in Equities.com Polls on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN