Roy, Utah-based Iomega Corp said it expects fourth quarter earnings to be substantially lower than the $4.3m or $0.26 per share that it reported for 1991’s final quarter: the company said the expectation is based on two months results, explaining that October and November revenue was about equal to the year-ago level but higher operating […]
Roy, Utah-based Iomega Corp said it expects fourth quarter earnings to be substantially lower than the $4.3m or $0.26 per share that it reported for 1991’s final quarter: the company said the expectation is based on two months results, explaining that October and November revenue was about equal to the year-ago level but higher operating expenses and lower gross margins have resulted in lower net profit.
