Ballantyne Strong (BTN) Reports Q3 Loss of $0.23
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Price: $2.58 --0%
Financial Fact:
Equity in income (loss) of joint venture: 29K
Today's EPS Names:
WF, CWBC, GLTO, More
Financial Fact:
Equity in income (loss) of joint venture: 29K
Today's EPS Names:
WF, CWBC, GLTO, More
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Ballantyne Strong (NYSE: BTN) reported Q3 EPS of ($0.23), versus ($0.01) reported last year. Revenue for the quarter came in at $23.5 million, versus $22.7 million reported last year.
The financial results for the third quarter of 2015 include $3.9 million of charges that are expected to be non-recurring in nature. These charges include the following items:
- A charge of $1.6 million related to the valuation of notes receivable
- A charge of $1.0 million related to the valuation of inventory
- A charge of $0.6 million related to the impairment of software intangibles
- A charge associated with a deferred tax asset write off of $0.4 million
- Other net charges of $0.3 million
For earnings history and earnings-related data on Ballantyne Strong (BTN) click here.
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