AML COMMUNICATIONS STOCK NOSE-DIVES 36%.Byline: P.J. Huffstutter Daily News Staff Writer AML AML - A Manufacturing Language Communications Inc. shares fell more than 36 percent Tuesday Tuesday: see week. when company executives announced that they expect the company's fiscal fourth-quarter earnings to fall short. The Camarillo-based maker of wireless-communications equipment cited ``increased industry competition'' from cellular-infrastructure suppliers as one of the reasons for the financial shortcoming short·com·ing n. A deficiency; a flaw. shortcoming Noun a fault or weakness Noun 1. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a public statement, the company expects revenue of about $2.5 million for the fourth quarter, compared with $2.6 million in the same period last year. Jacob Jacob (jā`kəb), in the Bible, ancestor of the Hebrews, the younger of Isaac and Rebecca's twin sons; the older was Esau. In exchange for a bowl of lentil soup, Jacob obtained Esau's birthright and, with his mother's help, received the blessing Inbar, chairman and chief executive officer, declined to elaborate on the company's down-graded earnings. Shares fell 2 7/16 to 4 5/16 by market close Tuesday. Earlier in the day, shares dropped as low as 4. The company said it expected to report about a 100 percent increase in revenue to about $14 million for the fiscal year ending March 31, compared with $6.98 million the prior year, largely due to increased sales. ``While we are not pleased with the preliminary results of the quarter, we are encouraged by our future,'' Inbar said in a statement. |
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