Why FLIR Systems Shares Tanked After Its Earnings Report
Shares of thermal-imaging infrared camera maker FLIR Systems (NASDAQ: FLIR) were down by 11.9% at 2:38 p.m. EDT after the company delivered its earnings report earlier Thursday. Surprisingly, though, it didn't miss on earnings. It beat them ... significantly.
The analysts' consensus was that the tech company would report $0.52 per share in profit on $473.1 million in sales. Instead, FLIR Systems earned pro forma profits of $0.64 per share on $482 million in sales.
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Source Fool.com
