Franklin Electric (FELE) Cuts Q2 EPS, Revenue Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Grand Canyon Education places CFO on leave amid stock trade probe
- RUM Group signs $13.7 billion GPU services deal, issues warrants
- Funds sell $44bn in semiconductors on AI concerns
Franklin Electric Issues Revised Second Quarter 2015 Earnings Guidance
July 10, 2015 2:30 PM EDTFORT WAYNE, Ind., July 10, 2015 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) Franklin Electric has revised its previously issued earnings guidance for the second quarter ended July 4, 2015.
For the second quarter, the Company expects adjusted earnings per share to be approximately $0.35 versus the previously issued guidance on April 28, 2015 of $0.54 to $0.58, as a result of significantly lower sales. Second quarter revenues were approximately $37 million below the second quarter 2014, and guidance, with the vast majority of the decline occurring during May and June.
Gregg Sengstack, Chairman and Chief Executive Officer commented: "Record... More
