Brightpoint quarterly estimate below expectations

Cell phone distributor Brightpoint Inc. on Monday predicted fourth-quarter results below analyst estimates, sending shares
down in aftermarket activity.

The Indianapolis-based company estimated adjusted operating income from continuing
operations between 13 cents and 18 cents per share. On average, analysts polled by Thomson Reuters predicted earnings per
share of 19 cents.

Brightpoint estimated it handled 22 million to 24 million wireless devices in the fourth quarter,
which ended Dec. 31. The total for the year was estimated to be between 81 million and 83 million devices, a drop of about
5 percent from 2008.

After the market closed, shares of Brightpoint slid 58 cents, or 7.5 percent, to $7.18 each.
The stock has ranged from $3.06 to $9.29 per share over the past year.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.