Measurement Specialties lowers FY08 EPS estimate
Measurement Specialties, Inc. (Nasdaq: MEAS) said that it is lowering its fiscal 2008 EPS guidance.
The global designer and manufacturer of sensors and sensor-based systems is downwardly revising its EPS for 2008 to $1.15 to $1.20 per share from $1.25, excluding an expense associated with revaluation of a German deferred tax asset.
Shares of Measurement Specialties (MEAS) lost 18.84%, or $4.04, to $17.40 at 12:57 p.m. ET. Shares of Measurement Specialties have been trading in the range of $17.29 to $28.77 for the past 52 weeks.
