Datum Losses Higher Than Expected
- Share via
Third-quarter fall of 11 to 14 cents a share not as bad as last year but worse than analysts’ 6-cent estimate.
Datum Inc. said it expects to post losses of 11 cents to 14 cents a share for the third quarter, slightly less than what the Irvine company lost a year ago but steeper than what analysts were expecting.
Analysts estimated the company’s losses at 6 cents a share, according to a survey by First Call/Thomson Financial.
In the third quarter last year, the company reported a loss of 14 cents a share, including charges, on sales of $25.8 million.
Datum, which makes precision frequency products and timing instruments, attributed the results to lower revenue, but noted that it continues to see strong demand in its wire line synchronization and cesium instrument unit.
The financial projections were released after the U.S. markets had closed. The stock closed at $6.81, down 6 cents a share.
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.
