Advanced Energy Lowers Fourth Quarter 2007 Guidance

Date: 26 January 2008
Source: CNN

Date: 26 January 2008

Advanced Energy Industries, Inc. lowered its fourth quarter revenue guidance. The company now expects revenue of approximately $84 million versus its previous guidance of $86 million to $90 million, as weakness in the semiconductor market continued.

Based on the revised revenue guidance and other charges to operating expenses, the company expects fourth quarter GAAP EPS to be in the range of $0.07 to $0.08 versus its previous guidance of $0.12 to $0.14.



"The decline of revenue during the fourth quarter was driven primarily by softness in the semiconductor industry and order delays by key OEMs. We will organize and implement cost reduction plans in light of the current market environment," said Lawrence D. Firestone, Executive Vice President and Chief Financial Officer.



Management will provide more detail on the results and outlook on the quarterly earnings call scheduled for Thursday, February 7, 2008 at 5:00 pm eastern standard time.



Read the entire story on the source link below.
600450 Advanced Energy Lowers Fourth Quarter 2007 Guidance glassonweb.com

See more news about:

Others also read

MORE...

Isover opens international competition
Insulation giant Saint-Gobain Isover is inviting submissions for its 2009 international architectural student competition which has prize money totalling €6,500 at stake.
Slovakia: Vetropack launches new glass cullet line
On 11 December 2008 the only producer of glass packaging in Slovakia, Vetropack Nemsova, a subsidiary of Vetropack Holding of Switzerland, launched a new automated line for sorting glass cullet, worth SKK 170mn (EUR 5.61mn USD 7.51mn).
Glass manufacturer temporarily shuts down
Saint-Gobain Containers shut down its second furnace Monday in the second phase of a temporary layoff at the glass plant as a result of economic pressures.
Polidesign
Nuova Oxidal in cooperation with Politecnico di Milano and Texs consortium is organizing a specialization course for project, furnishing and building up of temporary spaces.
Negative currency effects will reduce the 2008 consolidated income statement
As a result of the extreme devaluation of the Ukrainian hryvnia (UAH) against the US dollar, the Vetropack Group has adjusted downwards its expectations for the current 2008 financial year.
Glass maker celebrates as sales increase by 93%
Specialist  glass manufacturer Romag has marked the end of a year of growth and expansion by revealing profits have risen by more than a third.

Add new comment