Koss Corporation (KOSS) Reports Q1 Earnings
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Koss Corporation (NASDAQ: KOSS) reports Q1 earnings per share of $0.25 compared with $0.36 one year ago. Sales for the first quarter were $11,486,034 compared with $12,637,606 for the same period one year ago, a 9% reduction.
"The drop in our first quarter sales and net income is the result of soft U.S. retail sales," Michael J. Koss, President and CEO said here today. "We expect difficult trends in the U.S. to continue through the holiday season."
Koss will pay a dividend of $0.13 cents per share on October 15, 2008, to shareholders of record on September 30, 2008.
Koss Corporation designs, manufactures, and sells stereo headphones and related accessory products.[SM]
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