Synutra International, Inc. (SYUT) reported a net loss for the third quarter of $13.3 million or $0.23 per share, compared to net income of $10.3 million or $0.18 per share for the year-ago quarter.
Net sales for the third quarter fell to $73.23 million from $114.36 million a year ago.
Looking forward to the fourth quarter, the company forecast revenue of about $82 million to 87 million and a net profit of $1 to 3 million.
For the full year of fiscal 2013, we currently expect revenue in the range of $275 million to 280 million and a net loss of $65 million to 67 million.
Previously, the company expected revenue of $300 to $350 million and a net loss of $30 million to $50 million for the full fiscal year 2013.
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