Earnings News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Crystal Rock Q3 Profit Falls

9/14/2012 6:31 PM ET

Beverages and office refreshments supplier Crystal Rock Holdings Inc. (CRVP: Quote), Friday announced a lower profit for the third quarter due to increased operating expenses.

Net income for the third quarter was $0.6 million or $0.03 per share, compared to $1.0 million or $0.05 per share in the prior year.

Net revenues for the quarter edged up 1% to $18.47 million from $18.32 million in the year ago period.

Gross profit increased 2% for the quarter to $10.0 million from $9.8 million in the same quarter a year ago. Gross margin improved to 54% from 53% in 2011.

Shares of Crystal Rock closed at $1.01, down 3 cents or 2.88% on the NYSE.

Click here to receive FREE breaking news email alerts for Crystal Rock Holdings, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.