0 Comments
BEAVERTON, Ore. — Planar Systems lowered its sales and earnings expectations for the second quarter which ended March 30, 2007, the company announced in a news release. Planar now expects sales to be $53-$54 million and Non-GAAP net loss per share to be $0.07 to $0.09, which excludes share-based compensation expense and acquisition-related GAAP charges such as amortization of identifiable intangible assets. Adjusting for these GAAP charges, the company believes second quarter 2007 GAAP net loss per share will range from $0.20 to $0.22. Planar provided second quarter guidance on February 6 for sales of $57-$61 million and Non-GAAP net income per diluted share of $0.04 to $0.07 and GAAP net loss per share of $0.06 to $0.09.
 
The change in expectations is primarily the result of lower than previously anticipated sales of control room rear projection cubes and various home theater products. Sales of control room rear projection cubes were negatively impacted by delays in anticipated customer orders and delivery schedules. Sales of home theater products were negatively impacted by schedule delays of planned new product offerings. The company continues to believe it will see growth in the second half of the year in both revenue and Non-GAAP earnings, compared to the first half of the year, which the company expects will provide a foundation for improved profitability in fiscal year 2008.
 
Final results for the quarter are scheduled to be disclosed May 8.

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

KioWare Lite - Kiosk Mode Software

http://global.networldalliance.com/new/images/products/4949.png

4949/KioWare-Lite-Kiosk-Mode-Software

Bill Payment Software -Genkiosk

http://global.networldalliance.com/new/images/products/4833.png

4833/Bill-Payment-Software-Genkiosk

Healthcare Solutions

http://global.networldalliance.com/new/images/products/4298.png

4298/Healthcare-Solutions

Olea Tuscon Kiosk

http://global.networldalliance.com/new/images/products/4330.png

4330/Olea-Tuscon-Kiosk

Information Kiosk Software - Genkiosk

http://global.networldalliance.com/new/images/products/4839.png

4839/Information-Kiosk-Software-Genkiosk

Olea Boston Kiosk

http://global.networldalliance.com/new/images/products/4324.png

4324/Olea-Boston-Kiosk

Self-Service Terminals - The TIO Biller Opportunity

http://global.networldalliance.com/new/images/products/tio.gif

2012/Self-Service-Terminals-The-TIO-Biller-Opportunity

NCR SelfServ™ 72

http://global.networldalliance.com/new/images/products/4942.png

4942/NCR-SelfServ-72

Self Service Kiosks

http://global.networldalliance.com/new/images/products/4784.png

4784/Self-Service-Kiosks

Remote Monitoring, Management & Measurment Software - CommandPoint

http://global.networldalliance.com/new/images/products/2260.png

2260/Remote-Monitoring-Management-Measurment-Software-CommandPoint

Customer Experience Technology Buyer
Self-Service Future Trends 2011
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.