SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Optimal Robotics Corp. (OPMR) -- Ignore unavailable to you. Want to Upgrade?


To: Obewon who wrote (322)2/27/2002 11:35:53 PM
From: Glenn Petersen  Respond to of 325
 
I'm watching it, but don't own it. Given yesterday's announcement, it's probably dead money for a few months.

Optimal Robotics warns of first-quarter shortfall

MONTREAL, Feb 26 (Reuters) - Optimal Robotics Corp. <OPMR.O>, a leading provider of retail self-checkout systems, on Tuesday reported lower fourth-quarter earnings and warned that first-quarter 2002 results will fall well below estimates due to weak capital spending.

Excluding a tax liability, the Montreal-based company said earnings for the quarter were $161,162, or 1 cent a share, compared to $217,945, or 1 cent, for the fourth quarter of 2000. Revenue rose to $16.97 million from $12.54 million in the fourth quarter of 2000.

Wall Street analysts on average expected the company to earn 1 cent per share, according to Thomson Financial/First Call.

Optimal, citing continued weakness in capital spending as well as the challenging economic environment, said it anticipates first quarter 2002 revenues in the range of $17 million to 19 million and diluted earnings per share of nil to 1 cent, well below the current First Call estimate if 17 cents a share.

17:41 02-26-02