EMS Technologies shares down on earnings warning

ATLANTA - EMS Technologies Incorporated shares fell Monday after the Atlanta-based maker of wireless equipment warned third-quarter earnings will fall below expectations. <br> <br> In midday trading Monday, shares of EMS Technologies were down $5.02 or 31 percent on the Nasdaq Stock Market at $10.99. <br> <br> The company&#39;s previous earnings forecast for the third quarter wasn&#39;t available, but analysts were expecting 25 cents a share. <br> <br> EMS blamed large orders that weren&#39;t received for the shortfall. <br> <br> In addition, EMS said it won&#39;t meet its previous 2002 earnings forecast of $1 a share, which is the current consensus estimate. <br> <br> However, the company did say 2002 earnings will ``show strong positive growth&#39;&#39; over 2001 earnings of $6.7 million, or 67 cents a share, excluding a one-time charge for contract reserve.

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