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Article: Key Technology Announces Expectations for Second Quarter Results.
- Article from:
- Business Wire
- Article date:
- April 2, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
WALLA WALLA, Wash.--(BUSINESS WIRE)--April 2, 2001
Key Technology, Inc. (Nasdaq/NMS:KTEC), announced today that it expects to report a loss in the range of $0.39 to $0.44 per share on estimated sales of approximately $18.6 million for its second quarter ended March 31, 2001.
Because of weaker than anticipated second quarter results, which became apparent in the latter part of the period, the Company is now anticipating that its revenue growth rate for fiscal 2001 is likely to be in the range of 20 to 30 percent compared to the previous year. A strong backlog at the end of the second quarter will contribute to projected revenue ...