FONT-SIZE Plus   Neg

Vicor Forecast Q4 Profit At Essentially Breakeven Level - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Germany's Deutsche Bank AG reported Thursday a profit in its third quarter, compared to loss a year ago. Last year, the company had registered a hefty 5.8 billion euros impairment charge related to Hua Xia Bank Co. Revenues also were higher in the quarter. Shares of Nokia Corp. were losing around 8 percent in the early morning trading after the Finnish network equipment maker reported a loss in its third quarter, compared to a profit last year. The results reflected costs related to Alcatel-Lucent deal. The company also said its Chief Financial Officer Timo Ihamuotila resigned to join Swiss engineering firm ABB Ltd. as CFO. Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a profit for the third quarter beating Wall Street estimates by a large margin, driven primarily by record production and deliveries. Shares of the company gained over 5 percent in extended hours after the company reaffirmed its delivery...
comments powered by Disqus
Follow RTT