VOXX Int'l (VOXX) Misses Q2 EPS by 26c
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VOXX International Corporation Reports its Fiscal 2016 Second Quarter and Six-Month Financial Results
October 13, 2015 4:15 PM EDTHAUPPAUGE, N.Y., Oct. 13, 2015 /PRNewswire/ --Â VOXX International Corporation (NASDAQ: VOXX), today announced financial results for its Fiscal 2016 second quarter and six-months ended August 31, 2015.Â
Net sales for the Fiscal 2016 second quarter were $154.2 million compared to $177.3 million reported in the comparable year-ago period, a decline of $23.2 million or 13.1%. Approximately half of the decline was related to foreign exchange as the Euro conversion accounted for $11.3 million, with the remainder primarily due to retail softness for select Premium Audio and Consumer Accessories product lines. The average Euro in the Fiscal 2016 second... More
