logo
Share SHARE
FONT-SIZE Plus   Neg

Trans-Lux Swings To Q4 Profit

LED display systems maker Trans-Lux Corp. (TNLX.PK) Monday said it swung to a fourth quarter profit of $4.0 million or $1.12 per share from a loss of $1.8 million or $0.75 per share in the year-earlier quarter.

The profit upturn was helped mainly by higher revenues and also included a an $8.8 million gain on debt extinguishment, which was offset by a $3.7 million charge for a warrant valuation adjustment relating to the restructuring plan.

Fourth quarter revenues increased to $6.7 million from $5.6 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
Follow RTT