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Federal Signal Q1 Loss Narrows

Federal Signal Corp. (FSS) Friday reported a narrower loss for the first quarter, driven mainly by a surge in revenues.

The Oak Brook, Illinois-based company reported a first-quarter net loss of $0.5 million or $0.01 per share, compared to $5.3 million or $0.08 per share last year.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 29 percent to $224.6 million from $173.6 million in the prior-year quarter.

by RTTNews Staff Writer

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