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Article: ECI Telecom Updates Outlook for Second Quarter 2003.
- Article from:
- Business Wire
- Article date:
- July 3, 2003
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Business Editors
PETAH TIKVA, Israel--(BUSINESS WIRE)--July 3, 2003
ECI Telecom Ltd. (Nasdaq: ECIL) announced today that, further to the press release issued earlier today by ECtel (NASDAQ: ECTX, of which ECI holds 59%) reporting preliminary second quarter results, ECI is updating its outlook for the second quarter ended June 30, 2003. Based upon the revenue decline at ECtel, and a slightly larger than expected decline in the revenues of its core businesses, ECI now expects total consolidated revenues for its second quarter to be approximately $101 million - $103 million.
ECI also expects to take a number of special charges in the quarter. It ...