logo
Plus   Neg
Share
Email
Comment

Rockford Q1 Profit Rises - Quick Facts

Rockford Corp.(ROFO,ROFO.PK), Tuesday reported a higher profit for the fourth quarter as revenues increased 23.9 percent.

The Tempe, Arizona-based company reported a first-quarter net profit of $2.98 million or $0.34 per share, compared to $1.30 million or $0.14 per share last year.

Total revenues for the quarter rose 23.9 percent to $20.54 million from $16.57 million in the prior-year quarter, primarily helped by higher core aftermarket and international sales channels.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cannae Holdings, Inc. said Wednesday that its portfolio company, Ceridian HCM Holding Inc., has confidentially filed for an initial public offering. Ceridian HCM, a provider of human resources software and services, filed a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission relating to the proposed IPO of its common stock. Goldman Sachs Group Inc. on Wednesday reported a loss for the fourth quarter, reflecting lower trading revenue in fixed income, currencies and commodities as well as a charge related to the recent U.S. tax reform. However, both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Bank of America Corp. (BAC) reported a profit for the fourth-quarter of 2017 that declined about 50 percent from last year, hurt by a charge of $2.9 billion or $0.27 per share, related to the Tax Cuts and Jobs Act.
comments powered by Disqus
Follow RTT