Symbol Technologies (SBL) was down 24.1% in preopen Instinet trading after the company warned late Monday its second-quarter earnings would be 3 cents a share, down from 16 cents in the same period last year, on revenue flat with the year-ago period at $341.4 million.
Analysts were expecting the company to earn 15 cents a share, according to
Thomson Financial/First Call
. The bar-code scanner company blamed slower capital spending worldwide. Credit Suisse First Boston this morning downgraded the stock to hold from buy.