Volt Information Sciences (VISI) Swings to Q3 Loss

Volt Information Sciences (AMEX: VISI) reported Q3 EPS of ($0.02), versus $0.10 reported last year. Revenue for the quarter came in at $437 million, versus $504.2 million reported last year.

“The third quarter of fiscal 2014 showed improving operating margin rates in our Staffing Services segment leading to better profitability compared to 2013. Contributing to the segment’s improved profitability, North America traditional staffing services average daily revenue increased approximately 1.0% from the second quarter of 2014, the first sequential increase since the first quarter of 2013, with stronger demand from both enterprise and retail customers,” said Ron Kochman, President and Chief Executive Officer. “We continued to take the necessary steps to deliver on our long-term goals of returning the company to profitability. We are also pleased to have delivered on our commitment to relist on the NYSE MKT after more than three years of trading on the OTC, as this provides our shareholders with enhanced market maker support, improved liquidity and greater visibility.”

For earnings history and earnings-related data on Volt Information Sciences (VISI) click here.

You May Also Be Interested In

• Tesla stock slides 5% as two key executives leave the company amid new layoffs
• Orgenesis (ORGS) Issues Year End Business Update
• Vuzix Corp. (VUZI) Misses Q1 EPS by 19c