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
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT