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

Editors Pick
International Business Machines Corp. (IBM) Monday predicted that Cyber Monday online sales would grow by more than 18 percent compared to 2014. Driven by a surge in mobile shopping, consumers indicate that Samsung, Sony and LG TVs as well as Apple Watch and Beats by Dre are at the top of their shopping... As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality.
comments powered by Disqus
Follow RTT