Newspaper article THE JOURNAL RECORD

Addvantage Earnings Drop for Quarter

Newspaper article THE JOURNAL RECORD

Addvantage Earnings Drop for Quarter

Article excerpt

BROKEN ARROW - Addvantage Technologies reported net income for the third fiscal quarter ended June 30 of $316,086, or 3 cents per diluted share, down from $637,134, or 6 cents per diluted share, for the third quarter of the previous fiscal year.

Revenue for the third fiscal quarter totaled $10.1 million, down 15 percent from $11.9 million a year earlier. Sales for the telecommunications segment were down $1 million in the third quarter from a year earlier. Cable television segment sales were down $800,000 from a year earlier.

The Broken Arrow-based provider of cable television and telecommunications equipment reported net income for the first nine months of the fiscal year of $485.7 million, or 5 cents per diluted share, down from $1.3 million, or 13 cents per diluted share, for the first nine months of the previous fiscal year. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.