(RTTNews) - Virco Mfg. Corporation (VIRC) reported third quarter net income of $8.4 million, down from $10.2 million, prior year. Net income per share was $0.52 compared to $0.62.
For the third quarter, including the months of August, September, and October, revenue declined to $82.62 million from $84.25 million, last year. Net interest income was $24 thousand compared to net interest expense of $765 thousand, prior year. The company said this swing to net interest income reflects the fact that it was effectively debt-free during the bulk of the third quarter, and was not utilizing its seasonal line of credit to finance operations.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
