UTi Worldwide (UTIW) Misses Q1 EPS by 20c

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UTi Worldwide Reports First Quarter Fiscal 2016 Results

June 4, 2015 4:05 PM EDT

LONG BEACH, Calif., June 4, 2015 (GLOBE NEWSWIRE) -- UTi Worldwide Inc. (Nasdaq: UTIW) today reported financial results for its fiscal 2016 first quarter ended April 30, 2015.

Fiscal First Quarter 2016 vs. Fiscal First Quarter 2015 Results

Revenues decreased 6.8% to $973.3 million from $1,043.9 million Net revenues (revenues minus purchased transportation costs) decreased 10.8% to $329.5 million from $369.4 million On a constant currency basis, revenues increased 0.7% and net revenues decreased 3.1%, respectively Net loss attributable to UTi Worldwide Inc. decreased to $33.3 million from $43.7 million Diluted loss per share decreased to $0.35 from $0.44 per diluted common share... More