In this report: Clean Diesel Technologies (NYSE:CDTI), USA Technologies (NASDAQ:USAT) and Johnson Controls (NYSE:JCI).
Clean Diesel Technologies (NYSE:CDTI) has soared during trading today after the company forecast a third quarter revenue that is above Wall Street’s estimates. The company attributed the strong quarterly performance to a 50 percent increase it sales of its heavy duty diesel system unit. Clean Diesel Technologies expects revenue to be reported at $14.7 million, ahead of the $14.6 million that analyst on average expect. Earlier this week the company announced that it has entered into an agreement with Lincoln Park Capital Fund in which it may sell up to 10 million shares of its common stock over the next two and a half years. It CDTI currently trades at $4.40 a share.
USA Technologies (NASDAQ:USAT) has dropped by more than 11 percent today after it was announced yesterday that its Chief Executive George Jensen has been suspended due to a pending investigation over certain posts made on an internet message board. The company’s current COO Stephen Herbert will no act as interim CEO at USA Technologies. USAT currently trades at $1.25 per share.
Johnson Controls (NYSE:JCI) is sitting over 2.2 percent lower today despite several analysts backing their rating on the company after it announced a lower than expected guidance for the 2012 fiscal year. The analyst cited that the company is well positioned for significant growth in 2012. Johnson Controls stated that they expects earnings to grow by 20 percent over 2012, predicting between $2.85 and $3 per share. Analysts on average expect the company to report $3.11 per share for 2012. The company predicted sales of $44.2 billion for the 2012 fiscal year, again lower than Wall Streets estimates of $44.64 billion. Johnson Controls currently trades at $31.02 per share.
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