Shares of Bookham(BKHM Quote) were among technology's losers Tuesday, sliding 12% after the telecom-equipment company posted weaker-than-expected first-quarter results and gave a soft revenue forecast.
For the period ended Sept. 30, the company recorded a loss of $22.9 million, or 38 cents a share, on revenue of $56.4 million. Excluding items, the company posted a loss of $15.7 million, or 26 cents a share. Analysts polled by Thomson First Call expected a loss of 25 cents a share, before items, on revenue of $57.1 million. During the year-earlier period, the company earned $500,000, or 2 cents a share, on revenue of $62.6 million.
Bookham forecast fiscal second-quarter revenue of $56 million to $59 million, below analysts' average projection of $61 million. Shares were trading down 43 cents to $3.20. ...
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