Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

TSR Loss Widens In Q3

Computer programming consultancy TSR Inc. (TSRI: Quote) Tuesday reported a third quarter loss that widened from last year, due mainly to higher sales cost and operating expenses.

Third-quarter net loss attributable to TSR widened to $93 thousand or $0.05 per share from $67 thousand or $0.03 per share in the prior-year quarter.

Net revenues increased 18.3 percent to $11.1 million from $9.4 million last year.

Operating expenses increased to $11.2 million from $9.5 million last year. Third quarter loss was also driven by a $53 thousand expense on tax.

Joe Hughes, chief executive officer of TSR Inc., stated, "The increase in the net loss was primarily attributable to an increase of cost of sales as a percentage of revenue and also to the increased expenses associated with hiring and training junior technical recruiters."

Click here to receive FREE breaking news email alerts for TSR Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.