Creo's Stock Falls After Fiscal Q4 Loss

Share this content:
Commercial printing technology firm Creo Products Inc. posted a $5.7 million loss for its fiscal fourth-quarter 2001, which ended Sept. 30, causing its stock to slide right before Thanksgiving.


Creo's stock on the Nasdaq fell $2.11, to $10.65, on Nov. 20, the day the announcement was made. The company projected that its first-quarter 2002 performance would equal or surpass its fourth-quarter 2001 results but did not anticipate a full recovery until the second half of its fiscal 2002.


The firm said it would expand its cost-cutting program started in August, which included a 5 percent staff reduction. New measures will include consolidation of some facilities as well as salary and benefit cuts, which the company expects to offset in July 2002 with stock options.


Creo Products, Vancouver, British Columbia, is a digital pre-press technology firm focused on the application of imaging and information technology.


Loading links....
close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here