Versar Inc. (VSR) reported a loss of $300,000 or $0.03 per share compared to a profit of $565,000 or $0.06 per share in the second quarter of fiscal year 2009.
Gross revenue for the second quarter of fiscal year 2009 was $24.39 million, a decrease of 13% from the second quarter of fiscal year 2009.
Ted Prociv, president and chief executive of Versar commented, "In addition, we also expect revenue and earnings growth from our merger and acquisition activities and our new business initiatives in Telecom, Munitions Management and Green Energy which we expect to positively impact the remainder of fiscal year 2010."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.