IntriCon Reports 2016 Second-Quarter Results
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Intricon Corporation (IIN) Misses Q2 EPS by 14c
August 2, 2016 4:38 PM EDTIntricon Corporation (NASDAQ: IIN) reported Q2 EPS of ($0.23), $0.14 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $17 million versus the consensus estimate of $16.71 million.
Business UpdateHearing health sales increased 7 percent during the second quarter from the prior-year quarter, primarily as a result of contributions from PC Werth. During the quarter, IntriCon experienced gains in value hearing aids, personal sound amplifier products (PSAP) and assisted listening devices. These were partially offset by anticipated decreases in conventional channel sales. For some time, IntriCon has focused on opportunities in value hearing health... More
