Printrak Will Take 4th-Quarter Charge

Printrak International Inc. said Wednesday it expects its fourth-quarter operating results to be “significantly below prior expectations.”

The company, which designs and manufactures automated fingerprint identification systems, said it plans to take a fourth-quarter restructuring charge to integrate its TFP Inc. unit into its principal Anaheim operations to cut costs.

The company said some TFP employees will relocate from Greenville, S.C., while others will be terminated.

A First Call survey of three analysts yielded an earnings estimate of 16 cents a share for Printrak’s fourth quarter ending March 31.

For the year-ago fourth quarter ended March 31, 1997, Printrak earned $1.1 million, or 11 cents a share, on revenue of $15.1 million.

For the first quarter ended June 30, 1997, the company reported net income of 5 cents a share before charges and revenue of $15.1 million.