eMachines issues profit warning as demand sinks

eMachines Inc. said Monday its second quarter earnings will fall significantly short of Wall Street estimates as consumer PC demand fell.

The company, which offers low-priced computer systems, said it will report a second quarter loss of 30 cents a share to 33 cents a share, excluding charges. Sales will be in the $115 million to $125 million range. Earnings tracking firm First Call Corp. projected a loss of a penny a share. Story to follow. -- Larry Dignan ZDII