Vicor Corp. (VICR) Monday said it expects fourth-quarter earnings in an essentially break-even level, flat with prior-quarter. Based on existing backlog, the company has forecast a loss for the first quarter of 2013.
The company has been experiencing eight consecutive quarters of declining earnings, largely attributable to weak demands, lower volumes and higher expenses.
"In the fourth quarter of 2012, our bookings activity has slowed; through November 23. This reduction in orders has caused us to reassess our expectations for revenue and earnings for the fourth quarter of 2012 and the first quarter of 2013, " said Patrizio Vinciarelli, Vicor's Chairman of the Board and CEO.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.