Volt Solar Systems, Inc. (VOLT) Misses Q1 EPS by 24c, Revenues Miss

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Go back to Volt Solar Systems, Inc. (VOLT) Misses Q1 EPS by 24c, Revenues Miss

Volt Information Sciences, Inc. Reports First Quarter Fiscal 2020 Financial Results

March 12, 2020 4:00 PM EDT

Adjusted Revenue In-Line with Expectations

NEW YORK--(BUSINESS WIRE)-- Volt Information Sciences, Inc. (Volt or the Company) (NYSE-AMERICAN: VOLT) a global provider of staffing services, today announced financial results for the first quarter ended February 2, 2020.

First Quarter Highlighted Results

Revenue was $217.8 million, compared to $253.4 million in the prior-year quarter; Adjusted Revenue* decreased 10.4%. Gross margin was 14.4%, versus 14.9% for the comparable quarter in 2019. GAAP operating loss increased by $7.2 million from the prior-year quarter to a loss of $9.3 million; Adjusted Operating... More