Pioneer Pwr Sol Cmn (PPSI) Announces Earnings Results, Beats Estimates By $0.13 EPS
Pioneer Pwr Sol Cmn (OTCMKTS:PPSI) issued its quarterly earnings results on Thursday. The industrial products company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.13, Morningstar.com reports. The business had revenue of $25.96 million during the quarter, compared to analysts’ expectations of $26.90 million.
Shares of OTCMKTS PPSI opened at $5.50 on Friday. Pioneer Pwr Sol Cmn has a 52-week low of $4.40 and a 52-week high of $7.95.
Separately, Zacks Investment Research raised Pioneer Pwr Sol Cmn from a “sell” rating to a “hold” rating in a report on Thursday, July 19th.
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Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).
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