This is the reason:
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Friday January 16, 8:01 am Eastern Time
Company Press Release
Teltrend Second Quarter Sales and Earnings to be Below Expectations
ST. CHARLES, Ill.--(BUSINESS WIRE)--January 16, 1998--Teltrend Inc. (Nasdaq: TLTN - news), today announced that sales and earnings for its second quarter to end January 24, 1998 will be below analysts' estimates. The Company said it expects to report consolidated sales of $22.5M to $23.5M, and earnings per share of $0.12 to $0.14, compared to the current First Call mean EPS estimate of $0.23. The Company attributed the shortfall to a lower than anticipated level of orders in January, as the Regional Bell Operating Companies overall do not appear as yet to have returned to a normal post-seasonal level of ordering activity.
The Company expects to report final results for its second quarter during the week of February 16, 1998.
Teltrend is a leading manufacturer of advanced electronic equipment for the local telephone loop. The Company, based in suburban Chicago, designs, manufactures and markets a broad range of voice and data solutions for the Regional Bell Operating Companies, interexchange carriers, competitive access providers, and wireless carriers. Teltrend's unique solutions -- developed for ISDN, DDS, T1, HDSL and POTS applications -- allow telephone companies to provide new and better services to their customers without the need for costly infrastructure replacement. |
