Gateway Says Loss Wider Than Expected

Gateway Inc. said fourth-quarter sales fell and its loss would be wider than the company expected as the personal-computer maker struggles to return to profitability.

The loss is expected to be 18 cents or 19 cents a share on revenue of about $1.06 billion, Gateway said, based on a preliminary review. The company previously had said $1.2 billion in sales and a loss of 13 cents was a “best-case scenario.”

Shares of Poway, Calif.-based Gateway fell 13 cents to $3.17 on the New York Stock Exchange before the announcement.