Northwest Pipe Fell To Over Seven-Month Low Thursday

Posted on: Fri, 13 Nov 2009 08:30:00 EST


Symbols: NWPX
(RTTNews) - Northwest Pipe Co. (NWPX | Quote | Chart | News | PowerRating) announced its preliminary estimates for third quarter net sales of approximately $67 million Thursday morning. Net income is expected to be a net loss of approximately $1 million. The company also announced that it delayed the filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2009, pending the conclusion of an ongoing internal investigation of certain accounting matters.

Northwest Pipe gapped down sharply Thursday, but traded in a range throughout the day. Shares finished lower by $4.49 at $26.74 on the highest volume in over 10 months. The stock fell to over a 7-month low.

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For full details on Northwest Pipe Co (NWPX) NWPX. Northwest Pipe Co (NWPX) has Short Term PowerRatings at TradingMarkets. Details on Northwest Pipe Co (NWPX) Short Term PowerRatings is available at This Link.

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