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Digital Ally Q2 Loss Narrows

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8/8/2012 1:57 PM ET

Digital Ally, Inc. (DGLY: Quote) reported a second-quarter net loss of $0.9 million or $0.06 per share, narrower than the net loss of $1.1 million or $0.07 per share in the comparable quarter last year.

Excluding items, non-GAAP net income for the quarter was $79,411 or $0.01 per share, compared to the non-GAAP net loss of $0.7 million or $0.04 per share in the year-ago quarter.

Total revenue for the latest quarter declined 3 percent to $4.6 million from $4.7 million last year.

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by RTT Staff Writer

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Editors Pick
Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates. While buying interest was relatively subdued, stocks moved modestly higher over the course of the trading day on Tuesday. The strength on the day offset the weakness seen in the previous session, with the Dow and the S&P 500 reaching new record closing highs. The major averages gave back some ground in late-day trading but remained in positive territory.
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