Micropolis May Report Small Loss for 2nd Quarter

Micropolis Corp., a Chatsworth maker of computer disk drives, said it does not expect to meet analyst expectations of reporting a profit of $1.2 million to $2.8 million for its fiscal second quarter ending this month. In fact, the company said it could report a small loss in the quarter because of significant price decreases for the company’s disk drives.

Micropolis earned $5.17 million in its fiscal second quarter ended June 27, 1992, on sales of $104.3 million. The company said it expects this year’s fiscal second-quarter revenue to be higher than the $94.6 million it posted in its fiscal first quarter.