reaffirmed its previous guidance after the close, saying it still expects to return to profitability for the fourth quarter on a pretax basis, excluding special charges.
Analysts expect the company to lose a penny a share. The PC maker also forecast quarterly revenue of about $1.16 billion. According to First Call, Wall Street is looking for a top line of around $1.39 billion.
In after-hours Instinet action, shares of Gateway were slipping 2.9% to $9.95.
Gateway said domestic unit sales fell 15% from the third quarter, but the company said it generated a higher than expected average unit selling price in the fourth quarter. The company shipped about 700,000 units in the quarter.
The company expects to end the fourth quarter with no long-term debt and more than $1.1 billion in cash and marketable securities, up from $936 million at the end of the third quarter.
Gateway will post its results on Jan. 24. The company's projections come
on the same day that
raised its quarterly guidance. Earlier Monday, analysts offered optimistic comments on both Compaq and