Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Trans-Lux Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the recovery from the sell-off seen in recent weeks. The Nasdaq and the S&P 500 closed higher for the fourth consecutive session but remain well off their mid-September highs. Despite indications that the spread of Ebola inside the U.S. has been contained, the results of a new Gallup poll show the deadly disease had made its debut on a list of the top 10 most important problems facing the country. In another hotly contested Senate race, the results of a new Suffolk University/Boston Herald poll show incumbent Sen. Jeanne Shaheen, D-N.H., clinging to a narrow lead over Republican challenger Scott Brown.
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.