Volt Information Sciences (VISI) Tops Q4 EPS by 9c

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Volt Information Sciences Reports Fiscal 2016 Fourth Quarter and Full Year Financial Results

January 11, 2017 4:01 PM EST

Company achieves most profitable quarter in five years with fourth quarter net income of $2.8 million

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (Volt or the Company) (NYSE-MKT: VISI), a global provider of staffing services and information technology infrastructure services, today reported results for its fourth quarter and full year ended October 30, 2016. Key elements include:

Fourth quarter net revenue of $341.6 million up 3.3% compared to the prior quarter and down 6.2% year-over-year; Full year net revenue of $1,334.7 million down 10.8% year-over-year Fourth quarter gross margin percentage of 16.7% increased 70 basis... More