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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Printronix Revenue Lagging From Year Ago

May 25, 2000|Dow Jones

Printronix Inc., an Irvine maker of line-matrix printers, said Wednesday that revenue and earnings in its current fiscal first quarter so far are running below year-ago levels.

Printronix said in a press release that the downturn is across-the-board, covering distributors and original equipment manufacturers and all geographic territories.

Printronix said it can't predict first-quarter results because its "order today-ship tomorrow" operation does not have any significant backlog at any time.

The company said it will release results July 13 for its first quarter, ending in late June. Last year, Printronix earned $2.4 million, or 36 cents a share, on sales of $44.9 million for its first quarter ended June 25.

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