Handleman (HDL) Reports Q3 Earnings, CEO Comments
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Handleman Company (NYSE: HDL) reports Q3 EPS of $0.12 compared to $0.21 for the same period last year. Revenues for the third quarter of this fiscal year were $346.9 million, compared to $485.0 million for the third quarter of last year.
Albert A. Koch, President and Chief Executive Officer of Handleman, said, "Handleman's financial results in the third quarter are indicative of the considerable challenges the Company is facing as it continues to contend with rapid and dramatic change in the music industry. We are mindful of the changes underway in the music industry and, accordingly, we are focused on diversification of our revenue base, controlling costs and finding other opportunities to leverage our core competencies."
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