UPDATE: Harry Winston Diamond Corp Posts Loss
Harry Winston Diamond Corporation (HW.TO), which lost 6.5% on Thursday to leave it exactly $1 above year lows, swung to a fiscal Q3 loss on write-downs and weaker sales in its mining segment unit.
For the quarter ended Oct. 31, Harry Winston posted a loss of $4.7 million or 6 cents a share compared with $4.7 million or 5 cents a share in the previous corresponding period. Excluding write-downs on certain mining assets, profit would have been 4 cents per share, compared with 10 cents a year ago.
Analysts polled by Thomson Reuters expected 5 cents a share.
Revenue fell 15% to $119.7 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.