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AZZ Cuts FY2010 Revenue Outlook On Weaker Market

FORTH WORTH, Texas (AP) ¿ AZZ Inc., which provides electrical products and galvanizing services, cut its full-year revenue guidance on Friday, citing a weaker market.

The company said it now expects fiscal 2010 revenue between $395 million and $415 million, down from between $420 million and $440 million. Analysts surveyed by Thomson Reuters, on average, expect $443.6 million in revenue.

The Fort Worth, Texas, company left its full-year earnings guidance unchanged at $2.75 per share to $2.95 per share. Wall Street expects a profit of $3.39 per share.

Shares of AZZ lost $1.43, or 5.3 percent, to $25.67 in afternoon trading.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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