SigmaTron International Inc. (SGMA) reported that its first quarter net income declined to $0.58 million from $0.83 million in the comparable quarter last year. On per share basis, net income decreased to $0.15 from $0.21 in the year-ago quarter.
The company's quarterly revenues were $38.5 million, down from $39.8 million in the same quarter previous year. Operating income for the quarter was $1.46 million, down from $2.0 million in the prior year quarter.
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