BOTTOM FALLS OUT FOR E.F.I. INC

  • Print
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • big-banner-ad_2-sean
  • toner-news-big-banner-nov-8
  • 536716a_green_sweep_web_banner_902x17712
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 4toner4
  • futor_902x177v7-tonernew
  • 161213_banner_futorag_902x177px
  • facebook-tonernews-12-08-2016
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 2toner1-2
Share

BOTTOM FALLS OUT FOR E.F.I. INC

 user 2008-01-14 at 12:35:00 pm Views: 57
  • #19060

    Bottom Falls Out For Electronics For Imaging
    Electronics for Imaging Falls as Sales Miss Estimates
    Jan
    08 — Electronics for Imaging Inc., the maker of digital printers and
    inks, fell the most in more than seven years in New York trading after
    the company reported preliminary fourth-quarter sales that missed
    analysts’ estimates.Sales for the quarter that ended on Dec. 31 were
    about $152 million, the Foster City, California-based company said
    yesterday in a statement. That missed the $163.6 million average
    estimate of seven analysts polled by Bloomberg.First-quarter sales will
    be $133 million to $137 million, the company said. Six analysts on
    average estimated $152.2 million in a Bloomberg survey.Sales were
    affected by “weak demand” for Fiery digital color printer servers and
    higher-than-expected operating expenses of about $72 million, the
    company said in the statement. Weakness in the Fiery business will
    continue in the first quarter, though inkjet sales are expected to rise
    25 percent from a year earlier.Electronics for Imaging fell $5.95, or
    31 percent, to $13.22 as of 4 p.m. New York time in Nasdaq Stock Market
    composite trading, the biggest drop since June 2000. The stock had lost
    26 percent during the past year through yesterday, compared with an 8.6
    decline in the Russell 2000 Index.