Anaheim’s DDi Reduces Earnings Forecast
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DDi Corp., which makes circuit boards and provides services to the electronics industry, warned on Wednesday that second-quarter earnings and revenue will be lower than expected, blaming the economic slowdown for weak demand.
The Anaheim company said it expects to earn 14 to 16 cents a share in the three months. Analysts were anticipating 22 cents a share, excluding write-offs for goodwill, according to a survey by First Call/Thomson Financial.
Sales are expected to total $82 million to $86 million, down from $101.5 million in the same quarter last year.
Despite the bearish projections, DDi shares moved up $1.87 to $17.27 on Nasdaq. Reuters
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