UPDATE 2-LSI posts wider-than-expected loss; shares fall
* Q3 loss $0.08 vs loss est of $0.01/shr
* Withdraws prior forecast
* Suspends outlook
* Shares fall as much as 10 pct (Recasts, adds details, analyst comments, updates share movement)
April 23 (Reuters) - Lighting products maker LSI Industries Inc (LYTS.O: Quote, Profile, Research) posted wider-than-expected third-quarter loss, withdrew its 2009 outlook and said it would not provide forecasts due to economic uncertainty.
Shares of the company fell as much as 10 percent to $5.36 earlier in the session on Nasdaq and were down 51 cents in afternoon trade at $5.47.
Crisis in the credit and housing markets, fall in industrial production, rise in unemployment and "roller coaster" commodity prices have hurt its growth, the company said.
"These factors have caused a substantial reduction in demand for our lighting and graphics products," Chief Executive Robert Ready said in a statement.
For the third quarter ended March 31, the company reported a net loss of $2.5 million, or 11 cents a share, compared with a net income of $997,000, or 5 cents a share, a year ago. Continued...
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