Volt Information Sciences (VISI) Reports Q3 Loss of $0.54, Miss on Revenues
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Volt Information Sciences Reports 2018 Third Quarter Financial Results
September 6, 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 third quarter ended July 29, 2018. Key highlights include:
Third quarter net revenue of $257.8 million, down 11.1% year-over-year; on a same-store basis, net revenue declined 6.6% year-over-year excluding net revenue contributed from businesses sold or exited during the past year and the effect of foreign exchange rate fluctuations; Third quarter selling, administrative and other operating costs of $42.2 million, down 10.0%, year-over-year, or 5.4% excluding... More