BYD: Q3 GUIDANCE LESS THAN TOXIC

08/01/08 12:27PM EDT
On their Q3 conference call, BYD just issued Q3 EPS and EBITDA guidance of $0.18-23 and $110-123 million. EPS guidance includes the elimination of $0.07 in capitalized interest from postponing Echelon. While below formal expectations, the guidance is not that bad given the environment. I'm still focused on the capital redeployment announcent which was a welcome move and long overdue.
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