JNI Drops on Outlook - TheStreet

JNI

(JNIC)

, a maker of fiber channel equipment, was down 31% in midmorning trade after it forecast fourth-quarter earnings of 18 cents to 22 cents per share, around the

First Call/Thomson Financial

forecast of 20 cents. The company said it expects revenue to grow 110% to 140% vs. the year-earlier period.