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News >> Technology >>
Enterasys lowers Q1 outlook
By siliconindia
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Friday, 11 April 2003, 19:30 IST
ANDOVER: Enterasys Networks Inc., (NYSE:ETS) Friday announced that it expects revenue for the first quarter ended March 28, 2003 to be lower than its previous guidance.
The company currently expects net revenue for the first quarter to be approximately $105-103 million compared to its earlier estimate of $113-$109 million. The company cited lower than forecasted service revenue, along with lower product sales through stocking distributors caused by their delays in shipments, as the primary reasons for the additional decline. The shipping delays occurred in the final days of the quarter.
The Company is scheduled to announce its full financial results for the first quarter after the market close on April 24, 2003.