Plus   Neg

GigaMedia Slips To Loss In Q4 - Quick Facts

Digital entertainment services GigaMedia Ltd. (GIGM) reported Wednesday a fourth-quarter net loss of $0.50 million or $0.05 per share, compared to net income of $1.07 million or $0.10 per share in the year-ago quarter.

Consolidated revenues for the quarter decreased 20.17 percent year-over-year to $1.62 million.

Looking ahead, the company believes it is critical for it to adopt the strategy of developing in-house offerings and promoting customer relationships. It expects these endeavors to begin contributing to its productivities and profitability in the second half of 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Mystery Ranch Ltd. is recalling about 500 holsters for semi-automatic handguns due to faulty retention straps. The company noted that if the retention strap disconnects from the holster, the handgun could fall and unexpectedly discharge, posing a serious injury risk to consumers. The recall involves the Mystery Ranch Quick Draw Side Arm Holsters, which are semi-auto holsters. Walmart is luring customers with attractive Black Friday deals. The retail giant said it will host two early shopping events in November. Walmart's 'Black Friday' event starts online at 10 p.m. EST on Wednesday, November 27. The company's in-store event will begin at 6 p.m. local time on Thanksgiving Day, Thursday, November 28. Starting today, Walmart's 'Buy Now' deals are available to customers. Coffee giant Starbucks Corp. unveiled its sixth and the world's largest Starbucks Reserve Roastery on Chicago's Magnificent Mile, featuring Starbucks Reserve specialty coffee menu, boutique Milanese Princi bakery, and Arriviamo Bar for coffee cocktails. It will throw open the iconic five-storey glass-clad building in 35,000 square feet space, employing about 200 people, to the public on Friday.
Follow RTT