Silicon Saturday
Xeikon Expects to Report Operating Loss for 3Q
Xeikon N.V. (XEIK) cautioned investors Tuesday that it expects to report an operating loss for the third quarter.
The color printing systems maker, which is based in Belgium, said it expects to report a third-quarter operating loss on revenue of about $42 million. In the year-ago period, the company earned 11 cents a diluted share and reported revenue of $52.9 million. The two-analyst First Call/Thomson Financial consensus earnings estimate for the quarter is 10 cents a share. The company blamed its projection on a weakening euro, as well as delays in the shipment of its CSP 320D product, the company's first cut sheet digital color press.TheStreet Premium Services
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