logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Live-streaming video platform Twitch said it will launch a new affiliate program for non-partnered streamers that will allow them to earn money as they broadcast on the platform. This will be similar to YouTube's Partner program and is part of Twitch's efforts to broaden its appeal. Chocolate company Hershey Co. said it will increase the visibility of nutrition information and portion options of its snacks as well as reduce the sweets' calorie count. The move is part of the company's ongoing efforts to offer a broad range of snacks and clear information in response to feedback from consumers, who are shifting to healthier foods. The Coca-Cola Company (KO) reported a profit for the first-quarter of 2017 that declined 20 percent from the prior year. Net revenues declined 11%, reflecting unfavorable impacts from structural changes of 10% and foreign currency of 1%. The company remains on track to deliver its underlying revenue and profit targets for the full year.
comments powered by Disqus
Follow RTT