Key Tronic Ups Q2 Guidance
December 3, 2009 (FinancialWire) — Key Tronic Corp. (NASDAQ: KTCC), a provider of electronic manufacturing services has revised its guidance for the quarter ending December 26.
For the second quarter of fiscal 2010, Key Tronic expects to report total revenue in the range of $42 million to $44 million, up from previous estimates of $38 million to $43 million.
The higher than anticipated revenue is expected by the firm to result in improved factory utilization and manufacturing efficiencies. As a result, net income for the second quarter of fiscal 2010 is expected to be in the range of $0.10 to $0.13 per share, up significantly from the previous estimate of $0.02 to $0.05 per share.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). The most recently issued reports and/or recorded webcasts include Cascade Corp. (NYSE: CASC), Anadarko Petroleum Corp. (NYSE: APC), Baytex Energy Trust (NYSE: BTE) (TSX: BTE), H & Q Healthcare Investors (NYSE: HQH), H & Q Life Science Investors (NYSE: HQL), PIMCO (NYSE: PYN) (NYSE: PMX) (NYSE: PZC), PIMCO Global StocksPLUS & Income Fund (NYSE: PGP), Taiwan Greater China Fund (NYSE: TFC) and Wolseley PLC (OTC: WOSCF) (London Stock Exchange: WOS).
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
