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Technology Stocks : Distributed Energy Systems Corp. (DESC)

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To: Rutgers who wrote (51)7/18/2005 4:39:21 PM
From: Rutgers  Read Replies (1) of 122
 
Market Pulse: Distributed Energy raises revenue guidance
Monday July 18, 4:26 pm ET

biz.yahoo.com DESC

SAN FRANCISCO (MarketWatch) -- Distributed Energy Systems Corp. said Monday it was raising its revenue forecast for the second quarter and full 2005 fiscal year thanks to increased bookings and backlog. The company expects revenue for 2005 to be in the $40 million range compared to previous forecasts of $30 million. For the second quarter, revenue is expected to be above $10 million. Analysts were expecting revenue of $6.7 million for the quarter and $30.3 million for the year, according to consensus forecasts from Thomson First Call.
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