Sidoti Downgrades Black Box (BBOX) to Neutral
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Black Box Corporation Reports Third Quarter of Fiscal 2016 Results
January 26, 2016 4:05 PM ESTPITTSBURGH--(BUSINESS WIRE)-- Black Box Corporation (NASDAQ: BBOX), a leading technology solutions provider dedicated to helping customers design, build, manage and secure their IT infrastructure, today reported results for the third quarter of Fiscal 2016 and nine-month period ended December 26, 2015.
3Q16 Results
Revenues were $222.5 million, down 12% from $253.3 million for the same period last year and down 6% from $236.8 million in the sequential period. Provision for income taxes was $0.1 million (1.1% effective rate), down 98% from $2.4 million (31.7% effective rate) for the same period last year and compared... More