Rakon cuts full-year guidance on delayed sales, thinner consumer margins

Wed, 19 Dec 2012

Dec. 20 (BusinessDesk) – Rakon, which makes crystal oscillators used in mobile phones and navigation systems, cut its full-year earnings guidance because of sales delays and thinner margins. Earnings before interest, tax, depreciation and amortisation would be $8 million to $12 million in the year ending March 31, down from its August guidance of $14 million to $16 million. The downgrade is “due to a delayed sales programme in the High Reliability and Smart Wireless Device segments of its business, plus a forecast decline in margin from some...

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