Search
Menu
Zurich Instruments AG - Boost Your Optics 1-24 LB

Spectra-Physics Revises Expectations

Facebook X LinkedIn Email
MOUNTAIN VIEW, Calif., March 31 -- Spectra-Physics announced that it expects to report lower than anticipated net sales, ranging from $30 million to $32 million, for the first quarter ending April 2, 1999. These expected results compare with actual net sales of $43.6 million for the first quarter of 1998. The company also announced a reduction in force of approximately 7 percent, which reduction has been implemented to bring costs and expenses in line with the revised revenue expectations. The company attributed these revised expectations to a general weakness in demand across several key...Read full article

Related content from Photonics Media

    Published: March 1999
    News & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.