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Matrix Service Sets '08 Revenue Range



By AP
03 April 2008 @ 07:43 am EST

TULSA, Okla. - Matrix Service Co., an industrial construction and repair company, said Thursday it expects its fiscal 2008 revenue to range from $720 million to $740 million.

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Analysts polled by Thomson Financial expect the company to have revenue for the 12 months ending in May of $748 million.

For fiscal 2007, the company's revenue rose 30 percent to $639.8 million from $493.9 million in 2006.

Also Thursday, Matrix said cost overruns and assorted expenses caused its fiscal third-quarter profit to slip to $6 million, or 22 cents per share, from $6.2 million, or 24 cents per share, in the year-earlier period.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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