Reuters logo
UPDATE 1-DynaVox withdraws its 2011 earnings, sales forecast
September 30, 2010 / 9:13 PM / 7 years ago

UPDATE 1-DynaVox withdraws its 2011 earnings, sales forecast

* Cites softening demand in Q1

* Shares down 12.5 percent

Sept 30 (Reuters) - DynaVox Inc DVOX.O said it withdrew its 2011 forecast, citing softening demand for its products in the first quarter of the fiscal year, sending its shares down 12.5 percent in after market trading.

On Aug 25, the maker of communication and education products for those with language and learning disabilities, had forecast 2011 adjusted earnings of 56 to 62 cents a share, before items, on sales growth of 14 to 17 percent.

The company, which launched an IPO this April, said the impact of the challenges facing international economies and the pressures on U.S. state and school budgets hurt more than it anticipated.

The company said it plans to launch a new speech platform on Oct 4 and is confident of its long-term outlook.

Shares of the company were down a dollar at $7 in after market trading Thursday on Nasdaq. (Reporting by Aftab Ahmed in Bangalore; Editing by Jarshad Kakkrakandy) (; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below