STR Holdings (STRI) Lowers Guidance, Shares Plummet

STRI Holdings (STRI) is hitting new 52 week lows this morning after the company . The company now expects revenues in the range of $98 $101 million vs the previous expectation for $104 $110 million. The lowered guidance is a result of lowered expectations for its solar business. Non GAAP EPS is also expected to come in lower at $.30 ⓠ$.32 vs prior guidance of $.38 ⓠ$.42.

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