Egghead.com Sees Fourth-Quarter Sales Shortfall

Author:
Publish date:

Egghead.com

(EGGS)

expects to beat Wall Street's fourth-quarter bottom line estimates, but forecast a shortfall in sales.

Shares of Egghead, which is based in Menlo Park, Calif., were down 16 cents, or 12.8%, to $1.06 in recent

Nasdaq

trading.

Egghead said it should post a loss of 23 cents to 25 cents in the fourth quarter, well above the $1.05 loss the company tallied in the year-ago period. Two analysts polled by

First Call/Thomson Financial

were calling for Egghead to lose 41 cents in the quarter. The company projected revenue of $91 million to $93 million, below expectations, citing softening consumer demand.

The online computer products retailer said it expects to reach profitability in the fourth quarter of fiscal 2001.