Federal Signal Corp. (FSS) reported that its first-quarter loss narrowed marginally to $0.6 million or $0.01 per share, from $1.1 million or $0.02 per share in the same quarter last year.
The latest quarter results were affected by higher debt settlement charges, which spiked to $8.7 million from $1.7 million in the year-ago period.
Meanwhile, net sales edged up to $199.8 million from $196.1 million a year ago.
On average, four analysts polled by Thomson Reuters expected the company to report a profit per share of $0.10 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $199.57 million for the quarter.
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