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Article: PEMSTAR Comments On Fiscal First Quarter Outlook.
- Article from:
- Business Wire
- Article date:
- July 2, 2002
CopyrightCOPYRIGHT 2002 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 & Technology Writers
Company Implementing Restructuring Program
PEMSTAR Inc. (Nasdaq:PMTR), a leading provider of global engineering, manufacturing and fulfillment services to technology companies, today revised its guidance for the fiscal 2003 first quarter, ended June 30, 2002.
The company expects net sales to be approximately $145 million, which is in line with earlier guidance. PEMSTAR had expected an operating loss of $3 to 5 million for the quarter ended June 30, 2002, and had announced a $4 to $6 million restructuring charge over the first and second quarters of fiscal 2003. PEMSTAR now anticipates that the loss, ...