Volt Information Sciences (VISI) Reports Q2 Loss of $0.37/Share
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Volt Information Sciences Reports 2018 Second Quarter Financial Results
June 7, 2018 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (Volt or the Company) (NYSE-AMERICAN: VISI), an international provider of staffing services and managed service programs, today reported results for its 2018 second quarter ended April 29, 2018. Key highlights include:
Second quarter net revenue of $263.2 million, down 13.1% year-over-year; on a same-store basis, net revenue declined 7.8% year-over-year excluding net revenue contributed from businesses sold or exited during the past year and the effect of foreign exchange rate fluctuations; Second quarter selling, administrative and other operating costs of $42.9 million, down 16.1%, year-over-year, or 10.8% excluding businesses sold;... More