Planar’s sales drop

Hillsboro-based Planar Systems’ latest quarterly financial results came in substantially below targets, sending investors running.

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Sales in Planar’s fiscal second quarter, which ended March 30, totaled about $38 million. Planar had told investors to expect revenue between $45 million and $48 million, in line with the same period last year.

Planar makes computer monitors, video billboards and high-end screens for home theaters. The company has been struggling for many years to develop new markets for its displays after its onetime specialty — electronic displays for computers, industrial and medical equipment — became less lucrative.

Read more at OregonLive.com.

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