Exide Technologies Tanks Post-Market

Shares of Exide Technologies XIDE are dropping in the after-hours trade following the release of its Q4 earnings results. Currently, shares are down by 13.59%, trading at $8.39; they closed the regular session lower by 1.52%, at $9.71. Exide Technologies reported Q4 EPS of ($0.18) on revenues of $774.5 million; the Street was looking for $0.25 per share on revenues of $756 million. A company spokesperson said, "The cost increases experienced during the last several months of fiscal 2011 coupled with delayed pricing action will likely cause first quarter profits to be slightly down from the comparable fiscal 2011 period. We remain confident, however, in our ability to continue to improve the operating performance of the co and expect full year fiscal 2012 operating income to be in the range of $160 million to $170 million, up from $95.8 million in fiscal 2011." Exide Technologies is a provider of stored electrical energy solutions, and manufacturers and suppliers of lead-acid batteries for transportation and industrial applications worldwide. It has four principal business segments: Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas, and Industrial Energy Europe and ROW.