Sifco Q4 Loss Narrows, Shares Up
(RTTNews) - Shares of Sifco Industries Inc. (SIF) are gaining on Monday, after announcing a narrower net loss for the fourth quarter, on reduced loss from continuing operations and improved sales, compared to the prior year.
The quarterly loss narrowed to $429K or $0.08 per share, from loss of $443K or $0.24 per share in the prior year.
Loss from continuing operations were $491K, while it was loss of $1.407 million a year ago.
Net sales for the fourth quarter increased 5 percent to $22.81 million from $21.67 million a year ago.
Currently, shares are at $6.78, up 0.13 points or 1.96 percent. On Friday, SIF had closed at $6.64.
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