July 29 (Reuters) - British precision engineering companyRenishaw Plc forecast lower revenue for the currentfiscal year, saying that it was hard to predict how many largeorders it would win.
Analysts have in the past linked Renishaw's large order winsto the launch of new products from Apple Inc, whichlast week cast doubts over the strength of the global smartphonemarket and its fourth-quarter revenue forecast fell short ofanalyst estimates.
Renishaw said it expected revenue to be in the range of 460million pounds to 485 million pounds ($718 million-$756 million)for the year ending June 30, 2016.
The company posted revenue of 494.7 million pounds for theprevious year. ($1 = 0.6412 pounds) (Reporting by Esha Vaish in Bengaluru; Editing by GopakumarWarrier)
Renishaw (RSW)
