Shares of Pall slide on slowing orders
The company said in a statement that the sale, to Massachusetts-based Haemonetics Corp., is a good one because it sharpens the company's focus on areas of its business that are most likely to grow. Credit: Barry Sloan
Shares of Pall Corp., a maker of water-filtration and purification systems, fell 5 percent in early trading Monday after the company said it anticipated that 2013 sales would be lower than expected.
The Port Washington company included its updated 2013 forecast in a filing to the U.S. Securities and Exchange Commission, saying first-quarter orders are down about 4 percent.
The company also said it expected 2013 earnings per share would be on the low end of the $3.05 to $3.25 range it released in September.
By 11 a.m., Pall’s stock was down $3.23, to 60.72 per share.
The company included the updated estimates in slides that chief executive Lawrence Kingsley will present on Tuesday at the Baird Industrial Conference in Chicago.
Village eases path for housing near casino ... Preview of Hochul/Blakeman debate... Men ID'd in fatal toll booth crashes ... Working Moms: Postpartum support
Village eases path for housing near casino ... Preview of Hochul/Blakeman debate... Men ID'd in fatal toll booth crashes ... Working Moms: Postpartum support
