Planar Systems missed its revenue forecast for the third fiscal quarter, but the Hillsboro electronic display company expects growth next year.
Planar Systems missed its revenue forecast for the third fiscal quarter, but the Hillsboro electronic display company expects growth next year.
Third-quarter revenue totaled $45.7 million, just below the $46 million to $48 million Planar had told investors to expect. Revenue was up 2.1 percent from the third quarter last year.
Planar has been struggling for six years against a decline in sales of its computer monitors and similar electronic displays. Its acquisition of a high-end home theater company proved counterproductive, when demand fell amid the recession.
Read more at OregonLive.com.
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