INDIANAPOLIS—Brightpoint Inc. announced its earnings for the first quarter, ended March 31, will fall below expectations disclosed January 31.
Now, the company expects net loss per diluted share from operations to range from 23 to 25 cents, although it said that number will change to 5 to 7 cents after the adoption of a new accounting standard. The company also now expects net loss per diluted share from recurring operations, previously estimated to range from 0 to 2 cents, to range from 4 to 6 cents. Finally, Brightpoint said that although it expects to be below previous estimates, it still expects its overall financial position to be consistent with Dec. 31, 2001.
Actual results are expected to be announced May 2.
