logo
Plus   Neg
Share
Email

Cobra Electronics Swings To Q1 Profit

Cobra Electronics Corp. (COBR) Friday swung to a first-quarter profit from a loss last year, driven mainly by double-digit growth in revenues.

The Chicago, Illinois-based company reported first-quarter net profit of $339 thousand or $0.05 per share, compared to a net loss of $819 million or $0.13 per share last year.

Total revenues for the quarter grew 17.7 percent to $26.42 million from $22.44 million in the prior-year quarter.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In the age of social media, it takes mere hours for a company to suffer the backlash of of allegations of racism. For some companies, these incidents have hurt their bottom line and sullied their reputations. For others, they were a blip caused by clumsy if not altogether coincidental missteps. In... BJ's Wholesale Club Holdings Inc., which is planning a return to the public market, has set terms for its planned initial public offering or IPO. In a filing with the U.S. Securities and Exchange Commission, the warehouse club operator said Monday that it plans to offer 37.5 million shares priced between $15 and $17 per share. At the top end of the range, the offering would raise $637.5 million. Shares of Valeant Pharmaceuticals International Inc. are falling more than 6 percent in Monday's trading following news that the U.S. Food and Drug Administration has failed to approve the Canada-based company's Duobrii lotion for the treatment of plaque psoriasis. Ortho Dermatologics, a division of Valeant Pharmaceuticals, said it has received a Complete Response Letter or CRL from the FDA.
Follow RTT