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Strategies & Market Trends : Aardvark Adventures

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Dec 15 3:59 PM EST

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From: ~digs	5/13/2008 12:56:41 AM
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FSYS - Fuel Systems Solutions Inc.'s first-quarter net income jumped to $6.23 million, or 40 cents a share, from $1.02 million, or 7 cents a share, in the prior-year period, due in part to higher demand for its systems and components which enable internal combustion engines to operate on gaseous fuels. The Santa Ana, Calif., gas-equipment holding company's revenue rose 73% to $94.6 million from $54.8 million last year. The mean estimates of analysts polled by Thomson Reuters were for per-share earnings of 18 cents on revenue of $74.8 million. Fuel Systems also raised its full-year revenue forecast to $320 million from $290 million.

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