Brief: Key Tronic Sees Q2 2020 Revenue $117 Mln To $122 Mln

Key Tronic

29/10/2019 20:24

Oct 29 (Reuters) - Key Tronic Corp  KTCC.O :
    * ORATION ANNOUNCES RESULTS FOR THE FIRST QUARTER OF FISCAL
YEAR
2020
    * SEES Q2 2020 EARNINGS PER SHARE $0.13 TO $0.18
    * Q1 EARNINGS PER SHARE $0.14
    * SEES Q2 2020 REVENUE $117 MILLION TO $122 MILLION
    * Q1 REVENUE $105.3 MILLION VERSUS $127.5 MILLION
    * KEY TRONIC- DUE TO CONCERNS OVER TARIFFS, TRADE TENSION
BETWEEN
U.S. & CHINA, CUSTOMERS ACCELERATED PLANS TO TRANSITION FROM
CHINA FACILITIES TO MEXICO, VIETNAM
    * KEY TRONIC - TO PREPARE FOR GROWTH IN COMING QTRS,
CONTINUE TO
INVEST IN NEW CAPACITY IN MEXICO, U.S. & NEW VIETNAM FACILITIES

Source text for Eikon:  ID:nGNX7JdNmS 
Further company coverage:  KTCC.O 

 ((Reuters.Briefs@thomsonreuters.com;))