This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Intermec Provides Financial Update

Intermec, Inc. (NYSE:IN) today updated guidance for its first quarter 2012 revenue and adjusted earnings (loss) per share, which was previously issued on February 2, 2012.

Due in part to significantly weaker than expected demand in Europe, the Company estimates Q1 2012 consolidated revenue to be approximately $180 million, down from its previously forecasted revenue range of $200 to $210 million. In addition, the Company updated its adjusted diluted earnings (loss) per share guidance for the first quarter to approximately ($0.24) per diluted share, based on currently estimated first quarter GAAP loss of approximately ($0.28) per diluted share.

In conjunction with its usual financial analysis and reporting procedures for Q1, the Company is continuing to evaluate its deferred tax asset and goodwill balances. The loss per share reported for the quarter could be greater than the guidance provided above if either or both of these items require adjustment as a result. Any such adjustments would be non-cash.

Detailed information on Q1 results and the Company’s plans for improving growth and profitability will be provided on the scheduled earnings conference call.

Earnings Conference Call

Intermec will release its Q1 2012 financial results at 1:00 PM PDT on Tuesday May 1, 2012. A conference call with Intermec management will follow at 2:00 PM PDT. Details on how to access the conference call will be announced soon.

Non-GAAP Financial Measures

This press release includes an outlook for first quarter 2012 Non-GAAP or “adjusted” earnings (loss) per diluted share. Reconciliations of this Non-GAAP financial measure to the most directly comparable GAAP financial measure, i.e., our currently estimated GAAP earnings (loss) per diluted share, is detailed in the Reconciliation of GAAP to Non-GAAP Outlook for the Quarter Ending April 1, 2012, attached to this press release.

Our Non-GAAP measures should be read in conjunction with the corresponding GAAP measures. The Non-GAAP measures should be considered in addition to and not as an alternative or substitute for the measures prepared in accordance with generally accepted accounting principles.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs