Perceptron (PRCP) Posts Surprise Q2 Loss

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Go back to Perceptron (PRCP) Posts Surprise Q2 Loss

Perceptron Announces Second-Quarter Fiscal 2016 Results

February 8, 2016 4:40 PM EST

PLYMOUTH, MI -- (Marketwired) -- 02/08/16 -- Perceptron, Inc. (NASDAQ: PRCP) today announced results for the second quarter of its 2016 fiscal year (quarterly period ended December 31, 2015).

FINANCIAL HIGHLIGHTS (in millions, except per share data) Second Quarter Ended Six Months Ended December December 31 31 Fiscal Fiscal Fiscal Fiscal 2016 2015 Change 2016 2015 Change -------- -------- ------- -------- -------- ------- Revenue $ 17.2 $ 23.6 $ (6.4) $ 32.3 $ 34.8 $ (2.5) Net Income (Loss) (1.5) 2.8 (4.3) (3.7) 0.7 (4.4) Diluted Earnings (Loss) per Share ("EPS") $ (0.17) $ 0.30 $ (0.47) $ (0.39) $ 0.08 $ (0.47)

W. Richard Marz, Chairman of the Board, President and CEO, commented, "While we saw continued overall strong bookings and backlog as... More