wiredinUSA August 2012

INDEX

Manufacturer Actuant Corp, which makes wire and pipeline connectors, switches, transformers and cables, has forecast fiscal 2013 revenue below analysts’ expectations, saying weak demand in Europe and China is likely to continue, sending its shares down 5 percent in early trade. For fiscal 2013, Actuant said it expects to earn between $2.15 and $2.30 per share on revenue of $1.67 to $1.70 billion. Analysts were expecting earnings of $2.27 per share, excluding items, on Actuant revenue forecast down

revenue of $1.71 billion, according to Thomson Reuters I/B/E/S. The company stated that end markets in Europe and China had softened in the third quarter. CEO Robert Arzbaecher said in a statement, “Our growth rates moderated from the strong pace of the past nine quarters.” The ADVA FSP 3000 is a scalable Wavelength Division Multiplexing (WDM) system specifically designed for enterprises and service providers that require a system that will multiplex, transport and protect high-speed applications over fiber optic networks.

wiredInUSA - August 2012

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