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FREMONT, Calif. - Rackable Systems Inc. late Monday cut its revenue outlook and predicted an adjusted loss for the fiscal year, saying the economic downturn has resulted in a decline in corporate purchasing.
| RACK | 5.08 |  0.12 |
The rack-mounted server maker now expects sales of $275 million to $300 million and an adjusted loss of 8 cents to 16 cents per share.
In August, Rackable Systems had reaffirmed its expectations for sales of $353 million to $374 million and an adjusted profit.
Analysts polled by Thomson Reuters expect a profit of 7 cents per share on $349 million in revenue.
In aftermarket trading Monday, Rackable shares fell $1.34, or 15.3 percent, to $7.40. They had finished the session at $8.74. The stock has traded in a 52-week range of $7.47 to $14.51.
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