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Flir cuts quarterly, annual profit forecasts

Flir’s sensor systems are used in border control, among many other uses.
John Moore/Getty Images
Flir’s sensor systems are used in border control, among many other uses.

Flir Systems Inc., a maker of surveillance and imaging systems such as those used in the Boston Marathon bombings manhunt, reported preliminary third-quarter profit below analyst estimates. It also cut its full-year outlook and unveiled restructuring plans. Flir will shutter some facilities in the United States and Europe. It expects revenue of $358 million to $360 million and earnings per share of 32 to 33 cents for the quarter and 2013 revenue of $1.45 billion to $1.5 billion, with net income excluding restructuring of $1.38 to $1.43.

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