Carrier Access Drops 33% on Earnings Warning

Author:
Publish date:

Carrier Access (CACS) was down 33.3% in preopen Island trading. Late Friday, the telecommunications equipment company warned that it would post a fourth-quarter earnings loss of 2 to 4 cents per share.

The

First Call/Thomson Financial

consensus had projected earnings of 16 cents a share. The company said two major customers cut equipment orders at the last minute.