STR Holdings (STRI) Guides Q2 EPS In-Line, Revs Lighter than Views

STR Holdings, Inc. (NYSE: STRI) today announced that it expects diluted non-GAAP earnings per share (EPS) of $0.00 and to record revenue of approximately $25 million for the second quarter of 2012. Projected diluted non-GAAP EPS is within the previously-announced guidance range of $0.00 to $0.02. Projected revenue is below the Company’s guidance range of $31 to $33 million. Operating cash flow generation from continuing operations remained strong during the second quarter and is estimated to approximate $8 million. The Company’s cash balance as of June 30, 2012 is projected to approximate $72 million.

The Street currently sees a loss of $0.00 and revs of $31.9 million.

The updated outlook reflects the Company's current estimates as of the date of this press release and is subject to change based on further review by management and finalization of quarterly review procedures by its independent accountants.

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