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

Editors Pick
After failing to sustain an initial upward move, stocks fluctuated over the course of the trading session on Wednesday before ending the day mixed. The choppy trading came as traders digested upbeat GDP data as well as the Federal Reserve's monetary policy announcement. President Barack Obama took Congress to task in remarks on the economy on Wednesday, accusing Republicans of wasting valuable time by voting on a resolution regarding whether or not to sue him over his use of executive actions. In a surprise move, the Senate voted Tuesday to make changes to an important House highway funding bill, raising questions about whether the legislation will receive final approval before lawmakers leave town for the August recess.
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.