SBS Tech Sees $8.5-$10 Million Loss in Second Quarter

SBS Technologies

(SBSE)

expects to lose between $8.5 million and $10 million in its second quarter on sales that are at the low end of its previous guidance.

SBS said its loss will include an inventory write-down of up to $7 million for products primarily in its communications business. The quarter ends Dec. 31.

The company's shares closed at $14.03, up 93 cents, or 7%, on the Nasdaq Thursday.