HOLTSVILLE, N.Y.—Wireless and mobile computer maker Symbol Technologies Inc. reported lower revenues compared with the same quarter last year, and it lowered its expectations for full-year revenues.
Symbol earned $301 million for the first quarter, compared with $450 million in the same quarter last year. The company revised its full-year revenue expectations from $1.4 billion to $1.3 billion.
Company executives blamed the lowered outlook on sluggish corporate spending.
