DDi Lowers Forecast For First Quarter
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DDi Corp., a maker of printed circuit boards and other electronic parts, said its first-quarter loss will widen from the previous three months as sales decline, missing its forecasts. The Anaheim company said it expects to report a loss of 10 cents to 12 cents a share, on sales of $61 million to $63 million.
The electronics-equipment maker previously forecast that first-quarter results would be comparable to the fourth quarter, when it reported a loss of 7 cents on sales of $64.5 million. The firm attributed the drop in sales to a “lengthening of average order lead times.”
DDi shares closed at $11.79, down 4 cents, on Nasdaq before the news was announced.
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