"We are updating our outlook for the year by adjusting our full year earnings per share guidance to a range of $1.05 - $1.10. We're making this change for several reasons. First, we project that we will incur more legal expenses than originally expected over the remainder of the year to close out a few lingering prior year legal matters that haven't resolved themselves as quickly as anticipated. In addition, we're expecting a significant reduction in the scope of services at one of our upcoming Gameday events, and we're being affected by a change in expectations as to currency exchange rates from our growing Canadian business. For free cash flow, we're still expecting to generate from $20 - $25 million."Long term, we remain confident that our core business performance, our ongoing investment in technology and resources and the increasing traction that we're gaining with our expanded service offerings, all bode well for strengthening our position as an industry leader as the economy recovers."
Standard Parking Corporation Reports Solid Second Quarter Growth; Updates 2010 Outlook
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.