FONT-SIZE Plus   Neg

SL Industries Posts Slightly Wider Q4 Loss

Power electronics manufacturer SL Industries, Inc. (SLI) reported a fourth-quarter net loss of $1.7 million or $0.37 per share, slightly wider than the net loss of $1.6 million or $0.33 per share last year.

Net income from continuing operations was $3.1 million or $0.67 per share, down 25 percent from last year's $4.1 million or $0.83 per share.

Net sales for the quarter increased 1 percent to $51.4 million from last year's $50.7 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant. Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016.
comments powered by Disqus
Follow RTT