Gloomy Earnings Forecast: Advanced Logic Research’s stock...
Gloomy Earnings Forecast: Advanced Logic Research’s stock fell sharply in over-the-counter trading Friday after a Wall Street securities analyst lowered his earnings forecast for the Irvine personal computer maker.
ALR’s stock closed down $2.75 to $15.75 per share--a 14.9% decline--on the National Assn. of Securities Dealers Automated Quotation system after Prudential-Bache research analyst Rick Martin issued a report predicting that ALR’s earnings will suffer because of the shortage of a microchip, Intel Corp.’s 386SX, that is used in certain ALR models.
Martin lowered his earnings estimate for ALR’s third quarter, which ends June 30, to $3.4 million from $3.8 million.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
