Gateway Remains Comfortable With Fourth-Quarter, Full-Year Guidance

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Gateway

(GTW)

said it remains comfortable with consensus estimates for its fourth-quarter and full-year earnings and revenue.

In a statement responding to

Wit Soundview's

downgrade of the company to hold from buy, Gateway said it remains "confident" that its PC sales, as well as sales of other products and services, are "ramping at expected levels."

Analysts expect the company to post fourth-quarter earnings of 62 cents a share and earnings of $1.85 a share for the year, according to

First Call/Thomson Financial

. Analysts expect fourth-quarter revenue of $3.1 billion and revenue of $10.1 billion for the year.

Shares of Gateway were recently down 7.6%, or $3.02, to $36.71 in

New York Stock Exchange

trading.