Intermec, Inc. (IN) Cuts Q1 Guidance; Stock Indicated Sharply Lower

Intermec, Inc. (NYSE: IN) announced that due in part to significantly weaker than expected demand in Europe, the Company estimates Q1 2012 consolidated revenue to be approximately $180 million, down from its previously forecasted revenue range of $200 to $210 million. (Consensus estimate is $207.13 mln)

In addition, the Company updated its adjusted diluted earnings (loss) per share guidance for the first quarter to approximately ($0.24) per diluted share, based on currently estimated first quarter GAAP loss of approximately ($0.28) per diluted share. (consensus is $0.04 profit)

In conjunction with its usual financial analysis and reporting procedures for Q1, the Company is continuing to evaluate its deferred tax asset and goodwill balances. The loss per share reported for the quarter could be greater than the guidance provided above if either or both of these items require adjustment as a result. Any such adjustments would be non-cash.

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