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Maxwell Technologies: Guidance Up, Substance Disappoints

2014-11-02 23:36:33| Industrial Machines - Topix.net

Maxwell Technologies held its third quarter earnings call Thursday, October 23, 2014, reporting lower revenues of $41.6 million driven by softer demand in the China bus market. In the second quarter revenue was $46 million and 2013 3rd quarter revenue was $51.2. But the stock advanced 7.6% to $10.64 Friday, as the company forecast revenue growth of 20 to 25 percent for the 4th quarter.

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