DDi Corp. incurred a $5.9 million net loss during the company's first quarter of 2002, which ended in March.
The Anaheim, Calif., EMS company reported a net loss of 12 cents a share, which exceeded analysts' consensus estimates of 11 cents a share for the quarter. In the corresponding year-ago quarter, DDi reported a $17 million profit, or 28 cents per share.
DDi's sales in the March quarter was $62.5 million, a 56% decline from sales of $140.7 million the company generated in the year-ago quarter.
"The first quarter brought continued soft OEM design activity and weakness in many of our end markets," said Bruce McMaster, DDi's chief executive, in a statement. "While we have experienced some recent improvement in quick-turn assembly orders, PCB demand and pricing remains volatile."
DDi executives anticipate a "relatively" flat June second quarter.
"Based on the information we currently have available, we are projecting second quarter net sales of $60 million to $65 million and a net loss between 10 to 15 cents per share," McMaster said.