Fuel Systems Solutions Swings to Loss in Q4
Fuel Systems Solutions has reported its Q4 and 2012 results. For the quarter, revenue amounted to $98 million, a drop from the $111 million it posted in the same period the previous year. Bottom line shifted to a loss of $21.0 million ($1.05 per diluted share), against Q4 2011's net profit of $1.4 million ($0.07).
For the full year, top line also dropped. It came in at $394 million, or nearly $25 million lower than 2011's $418 million. Net loss amounted to $15.6 million ($0.78 per diluted share) for the year. In 2011, the company net saw a profit of of $5.2 million ($0.26).
Fuel Systems Solutions also provided forecasts for its fiscal 2013. The company anticipates revenue of $400 million-$420 million for the year, and operating margin of 2%-4%. It did not provide profit estimates.
The article Fuel Systems Solutions Swings to Loss in Q4 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Fuel Systems Solutions. The Motley Fool has no position in Fuel Systems Solutions. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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