Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Gateway Provides Q2 Update
Jun 17, 2004
 Printable format
 Email this Article
 Search

Gateway, Inc. said that it expects to report an operating loss for the quarter ending June 30, 2004 that is narrower than its previous guidance range and revenue that exceeds guidance.

The computer company said it anticipates an operating loss of U.S. $0.13 to $0.14 per share, compared with previous guidance of a loss of $0.15 per share. This does not include the impact of previously announced restructuring and transformation costs, which are estimated to be approximately $250 million to $300 million, resulting in a loss of $0.80 to $0.94 per share. These costs are included in the company's previous statement that it expects total restructuring and transformation costs for the full year of $425 million to $475 million.

Gateway expects revenue in the second quarter to be $860 million to $880 million, compared with its previous guidance of $798 million.

The company attributed its narrower operating loss to increased revenue and continued progress in reducing selling, general, and administrative (SG&A) costs, which were somewhat offset by pricing pressure in Professional and rebates in Retail. It attributed its revenue performance to better than expected sales across most of its segments, particularly Professional and Retail.

Back to Daily News

 

Daily News

...........................................................

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows