warned Thursday it does not expect to meet its previous forecast for first-quarter revenue and earnings due to customers' delays and cancellations of orders.
The maker of embedded computer applications said it now expects to post an operating loss rather than a gain of 5 cents to 8 cents for the quarter. Eight analysts polled by
Thomson Financial/First Call
were projecting earnings of 5 cents a share. RadiSys also said it now expects revenue in the first quarter to total about $60 million, down from a January forecast of $70 million to $74 million.
"Customers that had previously pushed orders to the quarter end are canceling or pushing these out even further," the company said in a statement. "It's painfully apparent that the business climate has deteriorated significantly since our last guidance in January, and we're increasingly tightening the belt."
The company said that although "visibility" is poor, it expects revenue to improve considerably in the second quarter. RadiSys said it will provide additional guidance about the second quarter and the rest of 2001 on April 18.
Shares of RadiSys, which is based in Hillsboro, Ore., gained 31 cents, or 1.9%, to $17.06 in regular session
trading. In after-hours
trading, they recently fell to $16.81.