WSI Industries (WSCI) Swings to Q1 Loss of $0.11
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WSI Industries Reports Fiscal 2017 First Quarter Financial Results
December 22, 2016 5:24 PM ESTMINNEAPOLIS, MN -- (Marketwired) -- 12/22/16 -- WSI Industries, Inc. (NASDAQ: WSCI) today reported sales for its fiscal 2017 first quarter ending November 27, 2016 of $6,330,000, versus the prior year amount of $9,731,000. The Company also reported a net loss for the fiscal 2017 first quarter of $322,000 or $.11 per diluted share versus net income in the prior year quarter of $132,000 or $.05 per diluted share.
Related to the quarter results, Benjamin Rashleger, president and chief executive officer, commented: "As previously disclosed, our primary customer began the process of retooling one of their production facilities in our fiscal 2017 first... More
