ATLANTA - EMS Technologies Incorporated shares fell Monday after the Atlanta-based maker of wireless equipment warned third-quarter earnings will fall below expectations. <br>
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In midday trading Monday, shares of EMS Technologies were down $5.02 or 31 percent on the Nasdaq Stock Market at $10.99. <br>
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The company's previous earnings forecast for the third quarter wasn't available, but analysts were expecting 25 cents a share. <br>
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EMS blamed large orders that weren't received for the shortfall. <br>
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In addition, EMS said it won't meet its previous 2002 earnings forecast of $1 a share, which is the current consensus estimate. <br>
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However, the company did say 2002 earnings will ``show strong positive growth'' over 2001 earnings of $6.7 million, or 67 cents a share, excluding a one-time charge for contract reserve.
