Lipman lowers fiscal 2005 outlook Wed Sep 28, 2005 07:29 AM ET Sept 28 (Reuters) - Lipman Electronic Engineering Ltd. (LPMA.O: Quote, Profile, Research) (LPMA.TA: Quote, Profile, Research) on Wednesday lowered its full-year fiscal 2005 outlook citing substantially weaker-than-expected performance of its subsidiary, Dione. The company said it now expects earnings in the range of 88 cents to 98 cents per share, on revenue of $230 million to $240 million.
The Israel-based provider of electronic payment systems said excluding stock-based compensation, pro forma net income per share is expected to be in the range of $1.08 to $1.18.
This compares with its previous outlook of $1.39 to $1.42 per share, on revenue of $273 million to $285 million. Lipman had earlier estimated pro forma net income per share to be in the range of $1.59 to $1.62.
Five analysts on average expect the company to earn $1.59 per share, excluding special items, on revenue of $273.2 million, according to Reuters Estimates. (Reporting by Shikhar Balwani in Bangalore)
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