Wednesday, January 17, 2007
Rackable Systems shares fall 35% after profit warning - MarketWatch
"Rackable Systems Inc. shares plunged more than $11, to $21.40 Wednesday after the computer server and storage-technology developer issued a foruth-quarter earnings warning. After the market closed Tuesday, Rackable said factors such as higher DDR memory pricing and lower-than-expected sales of its RapidScale products affected its fourth-quarter results, and that it now expects to earn 17 cents to 18 cents a share. Excluding one-time items, Rackable forecast a loss of 2 cents a share to a profit of a penny a share. By that measure, the company's results will fall far short of the 27 cents-a-share estimate from analysts surveyed by Thomson First Call."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment