Checkpoint Systems (CKP) falls 23% premarket after broadening a corporate restructuring plan,...

|About: Checkpoint Systems Inc. (CKP)|By:, SA News Editor

Checkpoint Systems (CKP) falls 23% premarket after broadening a corporate restructuring plan, increasing the number of employees impacted to 1K from 204 in the original plan. The company also provides a financial update, slashing its estimate for EPS to a range of $0.32-$0.43, well below the consensus estimate of $1.10.