Optical Cable Corp. (OCC) Reports Q3 Loss of $0.05/Share

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Go back to Optical Cable Corp. (OCC) Reports Q3 Loss of $0.05/Share

Optical Cable Corporation Reports Third Quarter 2017 Financial Results

September 12, 2017 8:01 AM EDT

ROANOKE, Va., Sept. 12, 2017 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its third quarter ended July 31, 2017.

Third Quarter 2017 Financial Results

Consolidated net sales for the third quarter of fiscal year 2017 were $16.4 million, a 2.9% decrease, compared to net sales of $16.9 million for the third quarter of fiscal year 2016, primarily resulting from weakness in the enterprise markets during the third quarter.  The Company increased net sales in its specialty markets in the third quarter of fiscal 2017, compared to the same period... More