Thursday, July 19, 2012

Pool Corp (Nasdaq: POOL) Cut Forecast, shares Down 11%

Pool Corp (Nasdaq: POOL) Cut Forecast, shares Down 11%Palm Beach, FL 7/19/12 (StreetBeat) – Pool Corp (Nasdaq: POOL) shares are trading down 11% after posting lower- than-expected quarterly results. The swimming pool distributor cites pricing pressures and unfavorable changes in customer mix for this decline. The company cut its upper end fiscal 2012 earnings forecast from $1.85 to $1.82 per share.

Net Income Q2 rose to $64.9 million ($1.34 per share) from $58.6 million ($1.19 per share) a year earlier. Revenue rose 7% to $757.2 million. According to Thomson Reuters, analysts were expecting earnings of $1.35 per share on $770.1 million.

Pool Corp’s stock touched a low of $36 in early trading, currently trading at down $3.35 at $37.17.

Please contact for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

No comments:

Post a Comment