Volt Information Sciences (VISI) Tops Q3 EPS by 2c, Miss on Revenues

Volt Information Sciences (NYSE: VISI) reported Q3 EPS of ($0.26), $0.02 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $289 million versus the consensus estimate of $303 million.

• Net revenue of $289.9 million, down 12.3% or $40.7 million year-over-year; on a same store basis, excluding net revenue contributed from businesses sold or exited during the past year and the effect of foreign exchange rate fluctuations, net revenue declined 7.2% year-over-year
• Gross margin percentage of 15.8% increased 109 basis points year-over-year
• Operating loss of $1.5 million, improved 26.4% or $0.5 million year-over-year
• Selling, administrative and other operating costs of $46.9 million improved 5.3% year-over-year

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

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