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Updated:
7/31/2009 9:00:00 AM
Intermec’s Fourth-Quarter Profit Declines
Supply chain technology firm Intermec Inc. reported a second-quarter loss of $6.5 million, or 11 cents a share, down from a profit of $7.7 million, or 13 cents, a year ago.
Revenue fell 27.8% to $157.7 million, Intermec said in a statement.
“Intermec executed well in a challenging economic environment, delivering within our quarterly guidance and generating cash,” said Chief Executive Officer Patrick Byrne.
The company forecast third-quarter revenues be $165 to $175 million, and the quarterly loss to be 8 cents to 3 cents per share.
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