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Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 475998

Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 475998
Howard Hughes  |  by www.tradingmarkets.com. All rights reserved. 6.11 | 20:41

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(RTTNews) - Friday before the bell, broadband and dial-up modems manufacturer Zoom Technologies, Inc. ( | | | ) reported third quarter results, posting a narrower net loss from the prior year quarter, despite a fall in revenues. For the third quarter, the Boston, Massachusetts-based Company recorded a narrower net loss of $0.

8 million or $0.09 per share, compared to $1.4 million or $0.

15 per share in the third quarter last year. Quarterly net sales were $3.5 million, down 33% from $5.

3 million in the previous year quarter. Lower sales were attributed to production delays that resulted in a total backlog of $2.1 million and a $0.

5 million net sales accounting impact of a major customer's long-anticipated shift to consignment. Zoom's operating loss for the third quarter was $1.8 million, compared to $1.

4 million in the year-ago period. Gross profit fell to $0.24 million from $0.

51 million in the same period last year. For the nine-month period, the company posted a net loss of $4.06 million or $0.

43 per share, compared to $1.25 million or $0.14 per share in the same period a year ago.

Net sales decreased to $13.37 million from $18.26 million in the previous year period.

ZOOM is currently trading at $1.12, down $0.03 or 2.

60%, on a volume of 27,860 shares.

Read more on by www.tradingmarkets.com. All rights reserved.
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