Global-Tech Advanced Innovations (GAI) Reports Q1 Earnings

November 9, 2009 8:14 AM EST

Global-Tech Advanced Innovations Inc. (NASDAQ: GAI) reports Q1 EPS of $0.38 compared to $0.63 per share, for the first quarter of fiscal 2009.

Net sales for the quarter ended June 30, 2009 were $25.7 million, compared to $26.8 million for the corresponding quarter in fiscal 2009. Included in net sales for the first quarter of fiscal 2010 were sales of approximately $16.5 million of floor care products and $7.7 million of electronic components.

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