Federal Signal: Falls on lower-than-expected profit forecast

Federal Signal

04/05/2021 17:49

** Shares of street sweeper vehicle maker Federal Signal
Corp  FSS N> fall 1.2% to $41.16
    ** Co maintains its FY adj. EPS outlook of $1.73 to $1.85,
the midpoint of which is below consensus view of $1.82-
Refinitiv data
    ** With certain chassis manufacturers temporarily impacted
by the global semiconductor shortage, we are currently
encountering some short-term production challenges at our
largest facility- CEO
    ** Q1 net sales fall 2.5% to $278.8 mln, below est. of
$279.1 mln
    ** YTD, stock up 24%

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))